This document discusses three types of promises: reciprocal promises where both parties make a promise to each other, implied promises which are not spoken or written but understood, and express promises which are made verbally or in writing. Reciprocal promises involve both parties making a commitment, implied promises are unstated but implied understandings, and express promises are clear verbal or written agreements.

1. SADIR HUSSAIN BBA 5 TH Semester PESHAWAR BUSINESS SCHOOL

3. Promise and types of promises

4. Types of promises Reciprocal promise Implied promise Express promise

5. Reciprocal promise It is that type of promise where both the parties make promise with each other

6. Implied promise Not made in words Not in written shape Not possible for promisor or promisee to keep it as evidence

7. Express promise A type of promise which is made in words or written promise is called express promise

8. Thank you