Multiple choice

Where the order, in which reciprocal promises are to be performed is not expressly fixed by the contract, they shall be performed in that order which

  1. the nature of the transaction requires

  2. is required by the acceptor

  3. is required by the proposer

  4. is required by the arbitrator appointed by the proposer and acceptor
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A Correct answer
Explanation

As per section 52 of the Indian Contract act, where the order in which reciprocal promises are to be performed is expressly fixed by the contract, they shall be performed in that order and where the orders is not expressly fixed by the contract, they shall be performed in that order which the nature of transaction requires. 

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