void valid voidable contract 3
Post on 18-Aug-2015
72 Views
Preview:
TRANSCRIPT
Slide number :-03
Revocation of Proposal
•Revocation means “cancellation”. Revocation of a proposal means its withdrawal by the proposer.
•An offer may be revoked at any time before the offeree accepts it
•Revocation of an offer after acceptance will be ineffective. If it is to be effective, it must be communicated before the dispatch of the letter of acceptance.
top related