Discuss the law relating to communication of offer, acceptance and revocation under Section 4 and Section 5 of the Indian Contract Act. Consideration may move or flow from the promisee or any other person. Elucidate.
A buys from Y a painting which both believe to be the work of an old master and for which A pays a high price. The painting turns out to be only a modern copy. Discuss the validity of the contract? Will the answer be different if Y knows that the painting is a modern copy of the master copy and presents it as the work of an old master? Discuss