Revocation and it’s rules

Revocation

Example; As I made a contract with Rafi for exporting salt in INDIA. Now I am ending that contract.

Rules regarding Revocation

•       1. By notice;

•       Example; I gave a notice to Rafi and withdrawn the offer of exporting salt in INDIA

•       2. By Lapse of Time;

•       Example; As I gave an offer to Rana to buy my wrist watch. By 2 days then he have to response to this offer otherwise it will end.

•       3. After expiry of reasonable time;

•       Example; At time giving an offer to Dev das if I don’t prescribe any fixed time limit then the offer will end after a reasonable time. What is the reasonable time it will depend on the circumstances.

•       4. By failure of a condition precedent;

•       Example; If I give an offer to Laknat and he fails to fulfill a condition which is prescribed then the offer will be ended.

•       4. By failure of a condition precedent;

•       Example; If I give an offer to Laknat and he fails to fulfill a condition which is prescribed then the offer will be ended.

•       5. By death or insanity;

•       Example; If I give an offer to Sagar and I die before the accaptance of the offer then the offer will end.

•       6. Counter Offer;

•       Example; If I give an offer to Abir and he gives me another offer then the offer will end.

•       7. By refusal;

•       Example; If I give an offer to Shabab and he refuses it then the offer will end.