Multiple choice

Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under the category of

  1. mutual and concurrent

  2. conditional and dependent

  3. mutual and independent

  4. can't be determined
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When one party's promise performance must precede the other party's performance, these are conditional and dependent promises. The order of performance matters - Party B is not bound to perform until Party A completes their obligation. This differs from concurrent promises where performance is simultaneous.

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