Section 6Revocation how made

s. 6

6. 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 laps of the time prescribed in such proposal for its acceptance, or, if no time is so prescribed, by the lapse of a reasonable time, without communication of the acceptance; (3) by the failure of the acceptor to fulfil a condition precedent to acceptance; or (4) by the death or insanity of the proposer, if the fact of his death or insanity comes to the knowledge of the acceptor before acceptance.