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In forceUpdated to 1 Jan 2006
Contents

Part V

52. Promisor not bound to perform unless reciprocal promisee ready and willing to perform

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When a contract consists of reciprocal promises to be simultaneously performed, no promisor need perform his promise unless the promisee is ready and willing to perform his reciprocal promise.

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(a)

A and B contract that A shall deliver goods to B to be paid for by B on delivery.

A need not deliver the goods unless B is ready and willing to pay for the goods on delivery.

B need not pay for the goods unless A is ready and willing to deliver them on payment.

(b)

A and B contract that A shall deliver goods to B at a price to be paid by instalments, the first instalment to be paid on delivery.

A need not deliver unless B is ready and willing to pay the first instalment on delivery.

B need not pay the first instalment unless A is ready and willing to deliver the goods on payment of the first instalment.

Report

Part VI

Of Certain Relations Resembling Those Created by Contract

Part VII

Of the Consequences of Breach of Contract

Part VIII

Of Indemnity and Guarantee

Part IX

Of Bailment

Part X