0
What else can I help you with?
The taking back of an offer by an offer-or?
The taking back of an offer by an offeror is known as revocation. It occurs when the offeror withdraws their offer before it is accepted by the offeree. Revocation is effective once it is communicated to the offeree, either directly or indirectly.
Explain the general rule of revocation of an offer?
The rule of revocation is that the communication of the revocation of the offer should reach to the offeree before his initiation of the communication of acceptance. Once the offeree has communicated his offer or initiated his communication to the offer, the offerer is bound by his proposal.Example: If B makes a proposal to A on 2.1.2011. A sends his acceptance on 4.1.2011 by post. The letter may not reach B on 4.1.2011 itself. But if B wants to revoke his proposal on or after 4.1.2011, it is voidable upon A's discretion. A can make B bound by his proposal.Revocation on the part of the acceptor is possible if he can communicate the revocation of his acceptance before the acceptance is communicated to the offerer. Once the communication of the acceptance is complete, then the acceptor is bound by his acceptance.Example: If B makes a proposal to A on 2.1.2011 and A sends his acceptance on 4.1.2011 via post. If B communicates to A, through speedier means (eg telephone), then his acceptance would be considered to be revoked.The answer is according to the Indian Contracts Act, 1972.
True or false Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated?
___ 6. Revocation of an offer made to the general public must be communicated in the same manner in which the offer was communicated.
The withdrawal of an offer by the offeror is an example of what kind of contract?
revocation
What two rules govern the revocation of contracts?
Two important rules govern revocation: an offer can be revoked any time before it is accepted, and a revocation becomes effective when it it received by or communicated to the offeree.
What is the difference between rejection and revocation?
Rejection is the rejection of an offer by the offeree. After an offeror has made an offer it can be rejected by the offeree. Revocation is the revoking of an offer by the offeror. An offeror may also revoke his offer at any time before acceptance by the offeree unless an option contract is created or is otherwise precluded from revoking the offer.
Is it possible to revoke an offer made through fax after the acceptance?
It's possible to rescind acceptance of an offer assuming specific performance has not been met. If the other party begins the process of completing their end of the offer, you're bound to see it through.
What are the legal Ways to terminate offer?
they could not accept it....
What are the ways of terminating an offer and the exceptions to it?
An offer can be terminated as a result of the 1. lapse (death of the offeror, death of the offeree, time set for accepting, prevention of performance). 2. Rejection of the offer 3. Revocation of the offer
What is a revocation warrant?
charged on a revocation warrant
What makes hipaa authorization invalid for disclosure?
a revocation of authorization by the patien
How does the communication of an offer differ from other agreements?
The answer lies within the question. The COMMUNICATION of an offer, in and of itself, is NOT an agreement - it is only an OFFER! It is only when/if the communication is signed/accepted that it becomes a contract.
