BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Whoever makes an offer can revoke it as long as it hasn’t yet been accepted. This means that if you make an offer and the other party wants some time to think it through, or makes a counteroffer with changed terms, you can revoke your original offer.

Detailed explanation-2: -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.

Detailed explanation-3: -You have the right to withdraw from this contract within fourteen days of conclusion without the need for explanation. The revocation period is fourteen days from the day on which you, or any third party designated by you who is not the carrier, takes possession of the goods.

Detailed explanation-4: -(i) Withdrawal of an offer can only be made before or at the same time as arrival of an offer; while revocation takes place at the time when an offer has already reached the offeree but this party has not yet despatched an acceptance.