Mutual

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mutual

adj., adv. referring to anything in which both parties have reciprocal rights, understanding, or agreement.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

MUTUAL. Reciprocal.
     2. 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 is mutual. It is one of the qualities of an award, that it be mutual; but this doctrine is not as strict now as formerly. 3 Rand. 94; see 3 Caines 254; 4 Day, 422; 1 Dall. 364, 365; 6 Greenl. 247; 8 Greenl. 315; 6 Pick. 148.
     3. To entitle a contracting party to a specific performance of an agreement, it must be mutual, for otherwise it will not be compelled. 1 Sch. & Lef. 18; Bunb. 111; Newl. Contr. 152. See Rose. Civ. Ev. 261.
     4. A distinction has been made between mutual debts and mutual credits. The former term is more limited in its signification than the latter. In bankrupt cases where a person was indebted to the bankrupt in a sum payable at a future day, and the bankrupt owed him a smaller sum which was then due; this, though in strictness, not a mutual debt, was holden to be a mutual credit. 1 Atk. 228, 230; 7 T. R. 378; Burge on Sur. 455, 457.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The light-skinned actress said she and her husband had split mutually and had remained best of friends since then for the sake of their daughters.
Noting the effective development of mutually beneficial cooperation, the parties discussed issues of further development of relations on children's issues.
In the event that the committee is unable to reach an amicable solution on delimitation, Malaysia and Singapore might mutually agree to resort to an appropriate international third-party dispute settlement procedure on terms to be mutually agreed by the parties.
We want a bilateral balanced trade as it is always mutually inclusive", he told the Bharat Chamber of Commerce Liyou said that Yunan Provincial Investment Infrastructure would come to West Bengal after the Lok Sabha election to discuss possible investment avenues between Kunming and Kolkata, the sister cities.
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In a joint press conference after the meeting, Locsin said he and Wang agreed to set aside 'differences we have yet to resolve' to pursue a 'mutually beneficial relationship.'
At a special ceremony held at the ANA Headquarters in Tokyo yesterday, both PAL and ANA expressed the belief that the new deal is a "milestone agreement and a step forward" in their expanding and mutually respectful business relationship.
The FCC on Tuesday (10/30) released a Public Notice announcing a settlement window for mutually exclusive applicants in the Special Displacement Window where LPTV stations and TV translators are displaced by the incentive auction.
Dr Ajmal Khan emphasized on to further strengthens the relationship between turkey and Pakistan through holding workshop and conferences mutually organized in both universities.
Ajmal Khan emphasized on to further strengthen the relationship between Turkey and Pakistan through holding workshop and conferences mutually organized in both universities.