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revocation
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∙ 13y ago
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Does an offeror's subjective intent determine the effectiveness of an offer?
No, an offeror's subjective intent does not determine the effectiveness of an offer.
The intent of the offeror to extend a serious offer to the offeree is typically determined by reference to?
the beliefs that the offeror has
What is the difference between rejection and revocation?
Rejection is the rejection of an offer by the offeree. After an offeror has made an offer it can be rejected by the offeree. Revocation is the revoking of an offer by the offeror. An offeror may also revoke his offer at any time before acceptance by the offeree unless an option contract is created or is otherwise precluded from revoking the offer.
What is the effect of death or insanity of the offeror?
Death or insanity of the offeror automatically terminates the offer. This applies even though the offeree is not aware of the death or the insanity of the offeror and communicates an acceptance of the offer. Both parties must be alive and competent to contract at the moment the acceptance is properly communicated to the offeror.
Who is the offeree and offeror in a tender?
Any offer is a statement of intention to contracting normally it is directed to a specific party to whom the offeror want to contracting . Its any important Term because all contracts start with it if they're going to be legal binding . After any offer has been accepted no further discussion or negotiation will follow . Offeree is one to whom the offeror is directing the offer , simple that this is the party who will accept the offer . note : Offer is done by the Offeror to the Offeree if the Offeree accept the offer then the contract will be completed .
The withdrawal of an offer by the offeror is an example of what kind of contract?
revocation
Can an offerer make a counteroffer after the offeree has refused the first offer?
Technically, the offeror is not making a counteroffer ... s/he is merely making another offer since the first was rejected. So, yes, an offeror can make another offer even though the first was rejected.
What does it mean when the offeror agree to keep an offer open?
It means the offer hasn't expired yet and can still be accepted.
When is the offeror precluded from revoking an offer?
assignment to report ito ng 2nd group ^_^
When acceptance of offer complete?
Generally an offer is accepted when acceptance is communicated to the offeror. This is covered under the section 8 of the INDIAN CONTRACT ACT.
What is the importance of offer and acceptance in contract?
The importance of offer and acceptance in forming a contract is the main purpose of a contract. It is similar to the binding agreement when someone gives something and another person receives it. It signifies that both parties are making an agreement and that both agree to its terms.
What are the legal Ways to terminate offer?
they could not accept it....
