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Can an offeror revoke an option contract if the offeror decides that the consideration given is inadequate?
No, an offeror can't revoke an option contract if the offeror decides that the consideration given is inadequate. There would be an option to purchase the land.
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 offeree and offeror?
offeror means who is giving opportunity to someone.that pesron can accept it or not
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.
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.
A person extending a contract is called?
Offeror
When the offeree changes the offeror's terms it is called?
a counteroffer
What does offeror mean?
it means someone that offers something
The withdrawal of an offer by the offeror is an example of what kind of contract?
revocation
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.
An offeror's experience as an evaluation factor consists primarily of?
their record of conforming to past contract requirements
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 .
