1. Acceptance 

       Acceptance of Offer / Proposal is very essential for formation of a contract. According to Section 2(b) of the Indian Contract Act, 1872 "when a person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal, when a accepted, becomes a promise.
      The person making the proposal is called the “promisor”, and the person accepting the proposal is called “promisee”, 

See also >>> What are the Essentials of a Valid Acceptance

2. Revocation of Acceptance 


         Section 5 of the Indian Contract Act,1872 says that,  an acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but no afterwards.

 Illustrations

           A proposes, by a letter sent by post, to sell his house to B. B accepts the proposal by a letter sent by post. A may revoke his proposal at any time before or at the moment when B posts his letter of acceptance, but not afterwards. B may revoke his acceptance at any time before or at the moment when the letter communicating it reaches A, but not afterwards.

See also >>> Can offer be Revoked ? If so how ?


Revocation of Acceptance in England : 

   In England, once latter of acceptance is posted, it binds both the parties and there appears to be no scope of revocation of acceptance by sending a telegram or through a phone call.




See Also 

1) What is an offer ? What are the essential requisites of a Valid offer ?

2) Difference / Distinction between Offer and Invitation to Offer

3) Difference / Distinction between Contract and Agreement

4) What are the cases in which Injunction can be refused ?

5) What are the Kinds of Injunctions ?

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