Business, Legal & Accounting Glossary
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: 15th February, 2020