Reciprocation; interchange. An acting by each of two parties; an acting in return. In every agreement the parties must as regards the principal or essential part of the transaction, intend the same thing; i.e.. each must know what the other is to do. This is called "mutuality of assent." Chit. Cont. 1& In a simple contract arising from agreement it is sometimes the essence … [Read more...]

The notion that both parties are equally bound or not bound to something. One party cannot be bound while the other is not. … [Read more...]

Where both parties logically and reasonably must receive an equitable remedy if one is awarded. … [Read more...]

The person who lends chattels in the contract of mutuum, (g. v.) … [Read more...]

To borrow; mutuatus, a borrowing. 2 Arch. Pr. 25. … [Read more...]