How Proposal Can Be Revoked?
A Proposal/Offer May Be Revoked by the Proposer/Offeror by Giving Notice to the Offeree Before It Is Accepted. Notice of Revocation Will Take Effect When It Is...
A proposal/offer may be revoked by the proposer/offeror by giving notice to the offeree before it is accepted. Notice of revocation will take effect when it is in the knowledge of the offeree before the communication of acceptance.
When can a proposal can be revoked?
1The Contract Act, 1872
A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards.
How a proposal is communicated accepted and revoked?
The communication of acceptance of a proposal is complete against the proposer when it is put in a course of transmission to him, so as to be out of the power of the acceptor (Sec 4, Indian Contract Act 1872). ... A proposal can be revoked by giving a notice of revocation to the other party.
Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.
