Business Studies, asked by ismailpc3355, 6 months ago

simply explain revocation of acceptance ​

Answers

Answered by ghsskarhiya1
2

Answer:

In legal terminology Revocation of Acceptance refers to the following. Proposer makes an offer. Acceptor accepts the same and communicates the same to the proposer. Acceptor revokes/cancels this acceptance before the communication reaches the proposer

Answered by ishpreetchamp
1

Answer:

The Indian Contract Act lays out the rules of revocation of an offer in Section 5. It says the offer may be revoked anytime before the communication of the acceptance is complete against the proposer/offeror. Once the acceptance is communicated to the proposer, revocation of the offer is now not possible.

Explanation:

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