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X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?
- a)When the telegram is received by X
- b)When X accepts the revocation
- c)When the telegram is dispatched
- d)When the contents of the telegram come to the knowledge of X
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
X makes a proposal to Y, which Y accepts. But before the acceptance ca...
According to Section 5 of the Indian Contract Act, "An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards " As we know that communication of acceptance is complete as against the acceptor when the letter of acceptance is actually received by the proposer. Hence, in this case X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram. The revocation is complete when the telegram is received by X.
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X makes a proposal to Y, which Y accepts. But before the acceptance ca...
Revocation of Acceptance in Contract Law
In contract law, an offer made by one party can be accepted by another party. However, the acceptance must be communicated to the offeror for it to be valid. Once the acceptance is communicated, it creates a legally binding agreement between the parties. However, in some cases, the acceptance can be revoked by the offeree before it is received by the offeror.
When is the Revocation of Acceptance Complete?
In the given scenario, Y accepts X's proposal, but before X receives the acceptance, Y revokes it by telegram. The question asks when the revocation is complete. The answer is "when the telegram is received by X." This means that the revocation is effective as soon as X receives the telegram from Y.
Explanation
There are three key elements to consider when determining when the revocation of acceptance is complete:
1. Communication: Revocation of acceptance must be communicated to the offeror. In this scenario, Y communicated the revocation by telegram.
2. Effective communication: The revocation is effective when it is received by the offeror. This means that it is not enough for the revocation to be dispatched or sent; it must be received by the offeror.
3. Knowledge: The offeror must have knowledge of the revocation for it to be effective. In this scenario, X must have knowledge of the revocation to be considered effective.
Conclusion
In contract law, the revocation of acceptance must be communicated, effective, and known to the offeror to be considered complete. In the given scenario, the revocation is complete when X receives the telegram from Y.
In contract law, an offer made by one party can be accepted by another party. However, the acceptance must be communicated to the offeror for it to be valid. Once the acceptance is communicated, it creates a legally binding agreement between the parties. However, in some cases, the acceptance can be revoked by the offeree before it is received by the offeror.
When is the Revocation of Acceptance Complete?
In the given scenario, Y accepts X's proposal, but before X receives the acceptance, Y revokes it by telegram. The question asks when the revocation is complete. The answer is "when the telegram is received by X." This means that the revocation is effective as soon as X receives the telegram from Y.
Explanation
There are three key elements to consider when determining when the revocation of acceptance is complete:
1. Communication: Revocation of acceptance must be communicated to the offeror. In this scenario, Y communicated the revocation by telegram.
2. Effective communication: The revocation is effective when it is received by the offeror. This means that it is not enough for the revocation to be dispatched or sent; it must be received by the offeror.
3. Knowledge: The offeror must have knowledge of the revocation for it to be effective. In this scenario, X must have knowledge of the revocation to be considered effective.
Conclusion
In contract law, the revocation of acceptance must be communicated, effective, and known to the offeror to be considered complete. In the given scenario, the revocation is complete when X receives the telegram from Y.
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X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?a)When the telegram is received by Xb)When X accepts the revocationc)When the telegram is dispatchedd)When the contents of the telegram come to the knowledge of XCorrect answer is option 'A'. Can you explain this answer?
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X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?a)When the telegram is received by Xb)When X accepts the revocationc)When the telegram is dispatchedd)When the contents of the telegram come to the knowledge of XCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?a)When the telegram is received by Xb)When X accepts the revocationc)When the telegram is dispatchedd)When the contents of the telegram come to the knowledge of XCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X makes a proposal to Y, which Y accepts. But before the acceptance came to the knowledge of X, Y revokes his acceptance by telegram :When is the revocation complete?a)When the telegram is received by Xb)When X accepts the revocationc)When the telegram is dispatchedd)When the contents of the telegram come to the knowledge of XCorrect answer is option 'A'. Can you explain this answer?.
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