Provisions that a party agrees to perform only if the other side also does what it promised are called Group of answer choices c

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2 years ago

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hoice of forum provisions. conditional promises. reciprocal promises. riders.

1 answer:

Novosadov [1.4K] · Answer 1 · 2023-04-26T00:26:14+03:00

<h3>reciprocal promises</h3>

If the provisions are reciprocal promises this means that they are each enforceable independently.

<h3>What is Reciprocal Promise ?</h3>

These promises that the promisee does to form the consideration form an agreement.

When you go to a shop, the shopkeeper agrees to give you the product in exchange for money. This is an example of a reciprocal promise where you promise to pay the value of the product and the shopkeeper promises to give you the goods on receipt of the payment.

Under Reciprocal Promise both parties promise each other to do something in the future. So, the first promise forms the consideration for the second promise and second promise forms the consideration for the first promise.

Learn more about Reciprocal Promise here:

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