Principle: An offer is revoked when notice of revocation reaches the offeree, but only before the offeree posts an acceptance. Facts: X by letter offers to sell his car to Y for Rs 5 lakh. Y posts an acceptance on Monday. X posts a revocation on Sunday that reaches Y on Tuesday morning. The contract
AWas never formed
BWas concluded when Y posted his acceptance — X's revocation reached Y too late
CWas revoked because X posted his revocation first
DIs voidable at Y's option
Answer & Solution
Correct answer: B. Was concluded when Y posted his acceptance — X's revocation reached Y too late
Sections 4-5 Indian Contract Act: acceptance is complete as against the proposer when the letter is posted (out of acceptor's power). Y posted on Monday before X's revocation reached Y (Tuesday) — so the contract was already concluded.
Related questions
Two trains run on parallel tracks at 60 km/h and 90 km/h in opposite directions. Their relA cycle is bought for Rs 1,200 and sold for Rs 1,500. The profit per cent isIf 25% of x = 50, then x equalsPick the option that completes the analogy: Doctor : Hospital :: Teacher : ____'Some lawyers are eloquent. All eloquent people are persuasive.' What follows?'If it rains, the streets are wet. The streets are not wet. Therefore, it did not rain.' TIf 'All birds can fly' and 'Penguins are birds', the BEST critique is thatWhich Schedule of the Constitution contains the languages recognised by the Constitution?