Multiple Choice Questions on Each party is a promisor and a promisee in case of ........ for Judicial Services Exam (JS) Preparation

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Multiple Choice Questions

Each party is a promisor and a promisee in case of ........

Indian Contract Act (ICA)1872 Introduction and Definition
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    Each party is a promisor and a promisee in case of

    Past consideration.

    Incorrect Answer

    Present consideration.

    Incorrect Answer

    Every contract.

    Incorrect Answer

    Reciprocal promises.

    Correct 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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