Section 5 of ICA : Section 5: Revocation Of Proposals And Acceptances

ICA

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Explanation using Example

Example Application: Raj offers to sell his bicycle to Simran for Rs. 3,000 through a text message. Simran decides to buy it and replies with an acceptance text. Raj can revoke his offer any time before Simran sends her acceptance text. However, once Simran sends the text accepting the offer, Raj cannot revoke his offer. Similarly, Simran can change her mind and decide not to buy the bicycle anytime before sending her acceptance text to Raj, but not after sending it.

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