Reciprocal promises require the other party's readiness and willingness before one must perform, ensuring simultaneous obligations. When a contract comprises reciprocal promises to be performed simultaneously, a promisor is not obliged to perform until the promisee is both ready and ... Summary
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Reciprocal promises require the other party's readiness and willingness before one must perform, ensuring simultaneous obligations.
When a contract comprises reciprocal promises to be performed simultaneously, a promisor is not obliged to perform until the promisee is both ready and willing to perform the reciprocal promise; absence of such readiness excuses the promisor from performing.
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