Revocation of Offer

Revocation of an offer occurs when the person making the offer withdraws it before the other party accepts. This means the offer is no longer available for acceptance. For instance, if someone offers to sell a car and then changes their mind before the buyer agrees, they can revoke the offer. However, revocation must be communicated clearly to the other party, and it typically cannot occur after the offer has been accepted. Understanding revocation is crucial in contract law to ensure both parties are aware of their rights and obligations.