A proposal is revoked ........

Indian Contract Act (ICA)1872 Consideration of Contract

A proposal is revoked:

Only by the death or insanity of the proposer itself

By the death or insanity if the fact of the death or insanity comes to the knowledge of the acceptor

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

None of the above is correct

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Explanation:

Section 6 of Indian Contract Act –

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 lapse 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 the death or insanity comes to the knowledge of the acceptor before acceptance.