Revocation - sustany/dvg GitHub Wiki

Revocation is an annulment or cancellation of a statement or agreement.�

In the context of contracts, revocation may refer to the offeror canceling an offer. For example, California Civil Code � 1586 provides that an offer �may be revoked at any time before its acceptance is communicated to the proposer, but not afterwards.� Revocation may also refer to a buyer�s rejection of goods that do not conform to the contract specifications. For example, the Uniform Commercial Code � 2�608 states that �[t]he buyer may revoke his acceptance of a lot or commercial unit whose non-conformity substantially impairs its value to him. . .���

In the context of wills, revocation may refer to the invalidation of a will by the testator. For example, California Probate Code � 88 defines �will� as any �codicil any testamentary instrument which. . . revokes. . . another will.� That is, under the California law on wills, the modification of an existing or creation of a superseding will effectively revoke�the existing will.�

In the context of trusts, revocation refers to the termination of a revocable trust or revocable living trust by the settlor.��