Vidyalelo
Commerce · Q638

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 638

Q638

Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:

A.
Promisor need not perform his part of promise at all
B.
Promisor need not perform his part of promise unless promise is ready and willing to perform his reciprocal promise
Answer
C.
Promisor has to compel promise to perform his promise first
D.
There is no valid contract at all

Answer: Option B

Solution

Answer: Option B
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