Question

5. Each party is a promisor and a Promisee in case of -

A. past consideration
B. present consideration
C. every contract
D. reciprocal promises

Answer 1

Answer:

reciprocal promises

Explanation:

option d

Answer 2

Answer:

Each party is a Promisor and a Promisee in case of reciprocal promises.

Explanation:

Promisor is the person who makes promises, and Promisee is the one to whom the promise is made.

Example: Assume 2 persons, Person A and Person B.

Person A is promising to Person B. In this case the person A is promisor and the person B is Promisee.

If person B is promising to person A then person A is promisee and the person B is promisor.

So, in reciprocal promises each party is a promisor and promisee  

In contract, or any business treaties these promisor and promisee get an importance.

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