Definition of Section 72 of Transfer of Property Act According to the Government of India Section 72 of Transfer of Property Act: Rights of mortgagee in possession.— A mortgagee may spend such money as is…
Short title.— This Act may be called the Indian Contract Act, 1872. Extent, Commencement.— It extends to the whole of India; and it shall come into force on the first day of September, 1872. Saving—…
Interpretation-clause.— In this Act the following words and expressions are used in the following senses, unless a contrary intention appears from the context:— (a) When one person signifies to another his willingness to do or…
Communication, acceptance and revocation of proposals.— The communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptances, respectively, are deemed to be made by any act or omission of the party…
Communication when complete.— The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made. The communication of an acceptance is complete,— The communication of a…
Revocation of proposals and acceptances.— 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…
Revocation how made.— A proposal is revoked—
Acceptance must be absolute.— In order to convert a proposal into a promise, the acceptance must— (1) be absolute and unqualified; (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the…
Acceptance by performing conditions, or receiving consideration.— Performance of the conditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of…
