What are reciprocal Promises ?
The formation of a contract primarily begins when one person gives a proposal or offer to the other person. when a person makes an offer to the other person, the other person may accept it or reject it.Where the offer is rejected, it results is nothing but where the offer gets accepted, it becomes a promise.both of them make promises to each other.Therefore, there are two promises in one contract, and they are called as reciprocal promises.
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