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What do you mean by offer?

Updated: 9/18/2023
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Wiki User

13y ago

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An offer is a proposal to take some action, or to refrain from taking some action. If accepted according to its terms, and accompanied by something of value (which can be a tangible thing, money, or a correlative promise to do or refrain from doing an act--in all cases called "consideration"), a contract is formed. However, even if accepted and supported by consideration, the offer of an illegal act cannot be the basis of a contract.

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13y ago
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