$show=home
Science Classes Basic Sciences Computer Science |
| Personal Finance Money Making Investment Finance Data Analysis Corporate Finance Finance Services Public Finance Taxation |
$show=home
Learn Financial Freedom Step by Step
As per the section 6 of Indian Contract Act 1872, you can revoke your offer with following ways.
1. Revocation of Offer by giving Information
Offerer can revoke the offer by giving its information to the party who has accepted it. Information must reach at the party who accept it. If your information could not reach to the party who accept the offer, it is not revocation. For example, you make the video and upload in the youtube. youtube suspend your youtube channel and give its notification to your email. So, youtube is the party who offer you to upload your video and you accept but it has break your contract by suspending your account. It is revocation example.
2. Revocation of Offer by Not Completing it on the Time
If offer is not completed by giving acceptance, then it will be revocation of offer. For example, seller is giving offer of $ 10000 product at 20% discount for 10 days. but you did not accept it. So, you are revoking the offer which was special for you.
Revocation can be done by not completing its condition. For example, if offer of sale is on the condition of giving 50% advance to seller but buyer did not give advance, it means, buyer did not accept this condition. So, this is revocation of offer.
4. Revocation of Offer Due to Death or mad of Offer Giver
If the party who gives the offer suffering from madness or he or she dead, then offer will be revoked automatically.
5. Revocation of Offer by Re-Offer
If offerer re-offers with new conditions, then original offer will be revoked automatically. For example, seller is ready to get 25% advance from buyer instead of getting 50% in previous offer, then previous offer will be revoked automatically due to this.
6. Revocation of Offer by Not Offering with Proper method of Offer
If offer is not given with proper way, it will be revoked. For example, buyer wants written contract for buying same product from vendor but vendor is not signing the contract, it means, oral offer of seller is useless.
Above written note is Demo. If you want to get online Coaching of Business Law, please click here.
Featured Content$hide=home
/fa-fire/ Popular Contents $hide=home$type=one
-
Slabwise NMMB Charges means Non-maintenance of Minimum balance charges. If you will not keep balance minimum in Saving account of Govt. ba... -
There are lots of business. With this, you can earn Rs. 1 Crore in One Day and even more earn from this amount. You only need Only use your ... -
DC INTL POS TXN MARKUP+ST Charges means debit or credit card international point of sale transaction foreign currency markup and service ta... -
Tally prime is very latest software to record accounting transaction. It is more easy than Tally.ERP 9 and you can navigate easily from one...
-
Image by e-gabi from Pixabay There may be important documents like PAN Card, Driving Licence, Adhhar card, pension card, iden... -
Theft is crime and it is done by criminals. It decreases your assets. These assets were taken by thieves without your permission in your... -
If you want to save your time, money and energy, you can use copy journal entry option in Tally. For this, we can use duplicate option ...
-
In this world, your family members, relatives and friends are most important than all other material things. So, if anyone from them is mi... -
In this world, every person wants to get love, security and encouragement. Science gives all. It motivates to grow and its inventions help... -
If your mobile has lost or you have deleted its all data and there is no backup anywhere online or offline. There is big problem to get you...
COMMENTS