PERFORMANCE OF RECIPROCAL PROMISES
PERFORMANCE OF RECIPROCAL PROMISES Sections 51 to 54 deal with the performance of reciprocal promises. The rules contained in these Sections are as under: (1) Contracts requiring simultaneous performance According to Section 51, "When a contract consists of reciprocal promises to be simultaneously performed, no promisor need perform his promise unless the promisee is ready and willing to perform his reciprocal promise." When the parties agree that the performance of the contract by each party is to be simultaneous, it is necessary that in exchange for the performance of the contract by one party, the other party should also be in a position to give simultaneous performance, i.e., he should be ready and willing to perform his reciprocal promise. This may be further explained through the following illustrations: (a) A and B contract that A shall deliver goods to B to be paid for by B on delivery. A need not deliver the goods, unless B is ready and willi...