Order of performance of reciprocal promises

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..... 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 not expressly fixed by the contract, .....

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..... . A's promise need not be performed until the security is given, for the nature of the transaction requires that A should have security before he delivers up his stock. - - statute, statutory provis .....

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