Business, Legal & Accounting Glossary
A person or entity who makes a specific proposal to another (the offeree) to enter into a contract.
n. a person or entity who makes a specific proposal to another (the offeree) to enter into a contract.
A person, company, or organisation that offers to buy something from another person, company, or organisation.
An offeror is an alternative term for a bidder.
The offeror has indicated that he will keep his offer open only for a limited time.
A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree.
Acceptance of the offer terminates the power of revocation that the offeror ordinarily has.
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This glossary post was last updated: 29th April, 2020 | 0 Views.