A clause of one Special Voluntary Retirement Package (SVRP) stated inter alia that once option is made, the employee making the offer cannot withdraw it. Section 5 of the Contract Act states that an acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards. Decide which of the following is true ?

Question

Examsnet · Accepted Answer

Correct Answer is :  The provisions of SVRP shall be enforceable since it is statutory in nature

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