Promisor not bound to perform, unless reciprocal promisee ready and willing to perform.— When a contract consists of reciprocal promises to be simultaneously performed, no promisor need perform his promise unless the promisee is ready…
Order of performance of reciprocal promises.— 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 order is…
Liability of party preventing event on which the contract is to take effect.— When a contract contains reciprocal promises, and one party to the contract prevents the other from performing his promise, the contract becomes…
Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises.— When a contract consists of reciprocal promises, such that one of them cannot be performed, or that…
Effect of failure to perform at fixed time, in contract in which time is essential.— When a party to a contract promises to do a certain thing at or before a specified time, or certain…
Agreement to do impossible act.— An agreement to do an act impossible in itself is void. Contract to do an act afterwards becoming impossible or unlawful.— A contract to do an act which, after the…
Reciprocal promise to do things legal, and also other things illegal.— Where persons reciprocally promise, firstly, to do certain things which are legal, and, secondly, under specified circumstances, to do certain other things which are…
Alternative promise, one branch being illegal.— In the case of an alternative promise, one branch of which is legal and the other illegal, the legal branch alone can be enforced. Illustration A and B agree…
Application of payment where debt to be discharged is indicated.— Where a debtor, owing several distinct debts to one person, makes a payment to him, either with express intimation, or under circumstances implying, that the…