Can an acceptance of an offer be withdrawn after it has been accepted?

A. As per Section 5 of the Contract Act 1872,once an offer has been accepted, a concluded contract comes into being, and the person who accepted the offer cannot retract from the acceptance. For example, if a tender offered by an appellant to supply goods is accepted through a letter, the respondents cannot subsequently withdraw the acceptance without a valid reason.

This FAQ is prepared by Sadia Saman Advocate