New Cracking SEBI General in 60 Days - Possible or Not?
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Question

An agreement consists of reciprocal promises between at least

A Five parties Correct Answer Incorrect Answer
B Two parties Correct Answer Incorrect Answer
C Four parties Correct Answer Incorrect Answer
D Three parties Correct Answer Incorrect Answer

Solution

Contract Act Sec 2 (f) defines ‘Reciprocal Promises’ as – “Promises which form the consideration or part of the consideration for each other, are called reciprocal promises.

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