Revocation how made A proposal is revoked—(1) by the communication of notice of revocation by the proposer to the other party;(2) by the lapse of the time prescribed in such proposal for its acceptance, or, if no time is soprescribed, by the lapse of a reasonable time, without communication of the acceptance;(3) by the failure […]
Revocation of proposals and acceptances A proposal may be revoked at any time before thecommunication 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 completeas against the acceptor, but not afterwards. Practice area’s of B K Goyal &
Communication when complete The communication of a proposal is complete when it comesto the knowledge of the person to whom it is made.The communication of an acceptance is complete,—as against the proposer, when it is put in a course of transmission to him, so as to be out of thepower of the acceptor;as against the
Communication, acceptance and revocation of proposals The communication of proposalsthe acceptance of proposals, and the revocation of proposals and acceptances, respectively, are deemed tobe made by any act or omission of the party proposing, accepting or revoking by which he intends tocommunicate such proposal, acceptance or revocation, or which has the effect of communicating it.
Interpretation-clause —In this Act the following words and expressions are used in the followingsenses, unless a contrary intention appears from the context:—(a) When one person signifies to another his willingness to do or to abstain from doing anything,with a view to obtaining the assent of that other to such act or abstinence, he is said
Short title This Act may be called the Indian Contract Act, 1872.Extent, Commencement.—It extends to the whole of India 2[except the State of Jammu andKashmir]; and it shall come into force on the first day of September, 1872.Saving—3*** Nothing herein contained shall affect the provisions of any Statute, Act or Regulationnot hereby expressly repealed, nor
General trade is the older of the two models, and was established before India opened its markets to organized retailing. Modern trade, on the other hand, is a purely urban phenomenon that grew in popularity between the 1990s and early 2000s, when many corporates and first-generation entrepreneurs entered the retail business. What is General Trade?
The mutation is a process of transferring of title ownership name in records of the revenue department for a property. Mutation (transfer of title) is to be done when the property is transferred from one owner to another. By mutating the particular property, the new owner can get the property records on his name. Importance
a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing as per the provisions of the Companies Act, 2013. After the incorporation of the company, certain compliances have to be done by the company like conducting the very first Board Meeting within a
The Multi-State Cooperative Societies Act (MSCS Act) is legislation which provides a regulatory mechanism for cooperative societies. The Act applies to cooperative societies which conduct operations in multiple states. The Act mentions the procedure to register a multi-state cooperative society and the contents which should be available in the bye-laws of a cooperative society. The Act also
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