What is Revocation of proposals and acceptances? Section 5 of Indian Contract Act 1872
5. 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.
A proposes, by a letter sent by post, to sell his house to B.
B accepts the proposal by a letter sent by post.
A may revoke his proposal at any time before or at the moment when B posts his letter of acceptance, but not afterwards.
B may revoke his acceptance at any time before or at the moment when the letter communicating it reaches A, but not afterwards.
Section 2 - Interpretation clause
CHAPTER I THE COMMUNICATION, ACCEPTANCE AND REVOCATION OF PROPOSALS
Section 3 - Communication, acceptance and revocation of proposals
Section 4 - Communication when complete
Section 5 - Revocation of proposals and acceptances
Section 6 - Revocation how made
Section 7 - Acceptance must be absolute
Section 8 - Acceptance by performing conditions, or receiving consideration
Section 9 - Promises, express and implied
CHAPTER II CONTRACTS, VOIDABLE CONTRACTS AND VOID AGREEMENTS
Section 10 - What agreements are contracts
Section 11 - Who are competent to contract
Section 12 - What is a sound mind for the purposes of contracting
Section 14 - Free consent defined
Section 16 - Undue influence defined
Section 18 - Misrepresentation defined
Section 19 - Voidability of agreements without free consent
Section 19A - Power to set aside contract induced by undue influence
Section 20 - Agreement void where both parties are under mistake as to matter of fact