New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Promises which form the consideration or part of the consideration for each other are called________. 

    A Promise Correct Answer Incorrect Answer
    B Mutual promises Correct Answer Incorrect Answer
    C Reciprocal promises Correct Answer Incorrect Answer
    D Alternative promises Correct Answer Incorrect Answer

    Solution

    Contract Act Section 2. Interpretation-clause: (f) Promises which form the consideration or part of the consideration for each other are called reciprocal promises.

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