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Indian contract act, 1872 -

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

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