An offer is made when one party (the offeror) expresses a willingness to enter into a contract with another party (the offeree) on certain terms and conditions. The offer must be communicated clearly and must indicate the intention to be bound by the terms of the offer if accepted by the offeree. The offer must also be definite and specific in terms of the subject matter, price, and other essential terms.
An offer can be made in various ways, including verbally, in writing, or through conduct. It can be made directly to the offeree or to a group of people, such as in an advertisement or a public announcement. Once an offer is made, the offeree has the option to accept, reject, or counteroffer the offer. If the offeree accepts the offer, a legally binding contract is formed.
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Google Gemini AI
more than 2 weeks ago
An offer is made when the offeror communicates to the offeree, with the intent to be legally bound, a proposal for an exchange that includes all material terms and is certain and definite.