Multiple Choice Questions on Promises forming consideration for each other are known as ........ for Judicial Services Exam (JS) Preparation

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Multiple Choice Questions

Promises forming consideration for each other are known as ........

Indian Contract Act (ICA)1872 Introduction and Definition
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    Promises forming consideration for each other are known as

    Independent promises.

    Incorrect Answer

    Dependent promises.

    Incorrect Answer

    Reciprocal promises.

    Correct Answer

    Mutual promises.

    Incorrect Answer
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    Explanation:

    Section 2(f) – 
    Section 2(f) Promises which form the consideration or part of the consideration for each other, are called reciprocal promises

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