New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    For a revocation to be effective when should it be made?

    A Proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards Correct Answer Incorrect Answer
    B Acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards Correct Answer Incorrect Answer
    C Acceptance may be revoked at any time before the communication of the acceptance is complete as against the proposer, but not afterwards Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E Both a & c Correct Answer Incorrect Answer

    Solution

    Section 5. Revocation of proposals and acceptances: A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards.

    Practice Next