Promise which forms the consideration or part of the consideration for each other is called_______________?
Correct answer: C. Reciprocal promise
- A. Simple promise
- B. Conditional promise
- C. Reciprocal promise
- D. None of above
Explanation
Section 2(f) calls promises that form the consideration, or part of the consideration, for each other reciprocal promises. Their mutual exchange distinguishes them from a simple or one-sided promise.
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About Civil Law
Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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