mutual promises

mutual promises
The promises of contracting parties, the promise by one party being the consideration for the promise by the other. 17 Am J2d Contr § 104.

Ballentine's law dictionary. . 1998.

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  • mutual — mutually, adv. /myooh chooh euhl/, adj. 1. possessed, experienced, performed, etc., by each of two or more with respect to the other; reciprocal: to have mutual respect. 2. having the same relation each toward the other: to be mutual enemies. 3.… …   Universalium

  • concurrent promises — Mutual promises by the parties to a contract to be performed simultaneously in the sense that when one party is ready to perform, and offers to perform, his promises, the other party must perform his promises or be in default. Dermott v Jones,… …   Ballentine's law dictionary

  • mutual subscriptions — The promises of persons subscribing to a fund for the accomplishment of a common object which can only be accomplished through their aggregate efforts, the obligation of each constituting a sufficient consideration for the obligation of another.… …   Ballentine's law dictionary

  • independent promises — The mutual promises of the parties to a contract so plainly independent of each other that the one can never by fair construction be a condition of the performance of the other. 17 Am J2d Contr § 322. Courts will not and ought not to construe… …   Ballentine's law dictionary

  • Treaty of Mutual Cooperation and Security between the United States and Japan — Japan US Treaty of Mutual Security and Cooperation, 19 January 1960. United States Japan Security Treaty Type Military Alliance Signed 19 January …   Wikipedia

  • Independent contracts are those in which the mutual acts or promises have no relation to each other, either as equivalents or as considerations — See also commutative and independent contracts …   Black's law dictionary

  • Independent contracts are those in which the mutual acts or promises have no relation to each other, either as equivalents or as considerations — See also commutative and independent contracts …   Black's law dictionary

  • spousals — Mutual promises to marry …   Ballentine's law dictionary

  • covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… …   Law dictionary

  • Special Report — ▪ 1996       The Contract with America       BY NINA MASSEN       Fortified with a significant electoral victory on Election Day 1994, Republican leader Newt Gingrich, the new speaker of the U.S. House of Representatives, initiated a 10 point… …   Universalium

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