Q.What is meant by Reciprocal Promise ?

Reciprocal promises are mutual promises that the parties to a contract make to each other, where each promise is the consideration for the other (Sec 2(f), Indian Contract Act, 1872).

In the Tamil Nadu HSC Commerce (Business Law) syllabus, this concept comes under the performance of a contract. When two parties enter into an agreement, they usually make promises to each other, and each party's promise is the price (consideration) for the other party's promise.

• Definition: Section 2(f) of the Indian Contract Act, 1872 states that "promises which form the consideration or part of the consideration for each other are called reciprocal promises."
• Explanation: One party agrees to do something only because the other party also agrees to do something in return. Neither promise stands alone; they support each other. …