BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Offeree
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Offeror
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In charge
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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. 2. An offer may be specific or general.
Detailed explanation-2: -The person who proposes the terms of an agreement makes an offer, and is called an “offeror” in contract law.
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: -Someone who makes an offer. business law. contracts.
Detailed explanation-5: -Solution(By Examveda Team) The person who makes the offer is called the Proposer and the person who accepts the offer in an insurance contract is called the Insurer.