Mutual

Reciprocal; reciprocally giving and receiving. Applied to contracts and relations by which reciprocal duties are imposed.

Proceeding from both sides; recipr jcal; interchanged. Mutual credits: credits which must, from their nature, terminate in debts. Mutual promises: promises simultaneously made by and between two parties, each being the consideration for the other.

Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged. “Mutual” is not synonymous with “common,” The latter word, in one of its meanings, denotes that which is shared, in the eame or different degrees, by two or more persons; but the former implies reciprocal action or interdependent counection.

Interchangeable; reciprocal; imposing like duties and obligations; affecting two or more persons in a common transaction or relation. As, mutual — accounts, assent, covenant, credits, debts, insurance, mistake, obligations, promises, qq. v. See also Compromise; Contribution; Bargain. Mutuality. Of contract: an obligation on each party to do or permit to be done something in consideration of the act or promise of the other.* Mutuality of obligation is generally necessary to the validity of a contract; to be binding, the contract must be enforceable by either party.* See Assent; Contract.

Reciprocal. In contracts there must always be a consideration in order to make them valid. This is sometimes mutual, as when one man promises to pay a sum of money to another in consideration that he shall deliver him a horse, and the latter promises to deliver him the horse in consideration of being paid the price agreed upon. When a man and a woman promise to marry each other, the promise 1s mutual.