Indian Contract Act,1872
Act No : 9
Section : Revocation of proposals and acceptances
5.Revocation of proposals and acceptances.-A proposal may be revokedat any time before the communication of its acceptance is complete asagainst the proposer, but not afterwards. An acceptance may be revoked at any time before the communicationof the acceptance is complete as against the acceptor, but notafterwards. Illustrations A proposes, by a letter sent by post, to sell his house to B. Baccepts the proposal by a letter sent by post. A may revoke his proposal at any time before or at the momentwhen B posts his letter of acceptance, but not afterwards. B may revoke his acceptance at any time before or at the momentwhen the letter communicating it reaches A, but not afterwards.
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