Under Section 5 of the Indian Contract Act 1872, a proposal may be rev…

Question

Under Section 5 of the Indian Contract Act 1872, a proposal may be revoked

Accepted Answer

B. {'text': 'Any time before acceptance is complete against the proposer', 'label': 'B'}

1. Section 5 governs revocation of proposals and acceptances.
2. A proposal may be revoked before the communication of its acceptance is complete against the proposer.
3. Once acceptance is complete against the proposer, revocation is no longer possible.
4. An acceptance too may be revoked before the communication of acceptance is complete against the acceptor.
_Source: Indian Contract Act, 1872 (indiacode.nic.in), S. 5_

Answer

{'text': 'At any time after the acceptance reaches proposer', 'label': 'A'}

Answer

{'text': 'Only after acceptance is complete on both sides', 'label': 'C'}

Answer

{'text': 'Only within seven days from the day of making of the proposal', 'label': 'D'}