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Section 2(f) of ICA 1872 defines reciprocal promises as:
APromises that need third-party witness
BPromises made under reciprocal duress
CPromises which cancel each other out
DPromises which form the consideration or part of the consideration for each other
Answer & Solution
Correct answer: D. Promises which form the consideration or part of the consideration for each other
1. Per OCR: "Sec 2(f): Promises which form the consideration or part of the consideration for each other are called reciprocal promises."
2. Both parties must do something.
3. Example: A sells goods, B pays cash — both promises mutual consideration.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 49)_