If one of the parties to a contract defaults and the other party terminates the contract, can the same contract be revived by withdrawing/recalling the notice of termination?
There is a contract between A and B. A fails to pay up money at the agreed date and B sends him a Notice of termination of Contract. After a few months B withdraws his notice of termination. Does this act of withdrawing the notice of termination revive the old contract? Or a fresh offer and acceptance is needed for the same purpose?
There is a contract between A and B. A fails to pay up money at the agreed date and B sends him a Notice of termination of Contract. After a few months B withdraws his notice of termination. Does this act of withdrawing the notice of termination revive the old contract? Or a fresh offer and acceptance is needed for the same purpose?
