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Mr¡£¡¡Langdell¡¡has¡¡called¡¡attention¡¡to¡¡a¡¡very¡¡important¡¡principle£»¡¡and¡¡one¡¡which£»¡¡no¡¡doubt£»¡¡throws¡¡light¡¡on¡¡many¡¡decisions¡£¡¡/1/¡¡This¡¡is£»¡¡that£»¡¡where¡¡you¡¡have¡¡a¡¡bilateral¡¡contract£»¡¡while¡¡the¡¡consideration¡¡of¡¡each¡¡promise¡¡is¡¡the¡¡counter¡¡promise£»¡¡yet¡¡prima¡¡facie¡¡the¡¡payment¡¡for¡¡performance¡¡of¡¡one¡¡is¡¡performance¡¡of¡¡the¡¡other¡£¡¡The¡¡performance¡¡of¡¡the¡¡other¡¡party¡¡is¡¡what¡¡each¡¡means¡¡to¡¡have¡¡in¡¡return¡¡for¡¡his¡¡own¡£¡¡If¡¡A¡¡promises¡¡a¡¡barrel¡¡of¡¡flour¡¡to¡¡B£»¡¡and¡¡B¡¡promises¡¡him¡¡ten¡¡dollars¡¡for¡¡it£»¡¡A¡¡means¡¡to¡¡have¡¡the¡¡ten¡¡dollars¡¡for¡¡his¡¡flour£»¡¡and¡¡B¡¡means¡¡to¡¡have¡¡the¡¡flour¡¡for¡¡his¡¡ten¡¡dollars¡£¡¡If¡¡no¡¡time¡¡is¡¡set¡¡for¡¡either¡¡act£»¡¡neither¡¡can¡¡call¡¡on¡¡the¡¡other¡¡to¡¡perform¡¡without¡¡being¡¡ready¡¡at¡¡the¡¡same¡¡time¡¡himself¡£

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Another¡¡very¡¡clear¡¡one¡¡is¡¡found¡¡in¡¡contracts¡¡for¡¡the¡¡sale¡¡or¡¡lease¡¡of¡¡a¡¡thing£»¡¡and¡¡the¡¡like¡£¡¡Here¡¡the¡¡qualities¡¡or¡¡cha

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