State the various ways in which an offer lapses under the Indian Contract Act, 1872.

Section 6 of the Indian Contract Act, 1872 deals with various modes of lapse of an offer. It states that an offer lapses if- It is not accepted within the specified time (if any) or after a reasonable time, if none is specified. It is not accepted in the mode prescribed or if no mode is prescribed in some usual and reasonable manner, e.g., by sending a letter by mail when early reply was requested; The offeree rejects it by distinct refusal to accept it; Either the offeror or the offeree dies before acceptance; The acceptor fails to fulfill a condition precedent to an acceptance. The offeree makes a counter offer, it amounts to rejection of the offer and an offer by the offeree may be accepted or rejected by the offeror.