BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The person who makes the offer is called the ‘offeror’ or ‘promisor’ and the person to whom the offer is made is called the ‘offeree’ or ‘promisee’: 1. An offer may be express or implied.

Detailed explanation-2: -Legal Terms You Need To Know Offeror – The person or ‘party’ who makes the offer. Offeree – The person or ‘party’ has the option to accept the offer. Consideration – Something of value that is bargained for and passed from the ‘offeror’ to the ‘offeree’. Terms and conditions – The details of the offer.

Detailed explanation-3: -The offeror is the party who makes the offer. The offeree is the person who either accepts or does not accept the offer. So, for there to be an agreement, there must be three things: an offeror, an offeree, and of course, an offer! Now, how exactly do you make an offer?

Detailed explanation-4: -The person to whom an offer is made is termed the offeror. False. All contracts have to be in writing to be enforceable.

Detailed explanation-5: -An offer is a promise to perform or abstain from an act at the desire of the other party in exchange for consideration. It should also contain a statement that communicates intent to enter into a contract. The party that makes an offer is known as the offeror, and the individual who accepts it is known as an offeree.