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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
Is offeror the promisee?
No, the offeror is not the promisee. The offeror is the party who makes an offer to enter into a contract, while the promisee is the party who accepts the offer and is bound by the terms of the agreement. In a contractual context, the offeror proposes the terms, and the promisee accepts those terms, creating a binding obligation.
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.
What is the difference between an offeror and an offerer in a contract negotiation?
In a contract negotiation, an offeror is the party making the offer, while an offerer is the party receiving the offer. The offeror presents the terms of the contract, and the offerer decides whether to accept or reject them.
What is the difference between an offeror and an offeree in a contract negotiation?
In a contract negotiation, the offeror is the party making the offer, while the offeree is the party receiving the offer. The offeror proposes the terms of the contract, and the offeree has the option to accept, reject, or counter the offer.
A person extending a contract is called?
Offeror
What are the key differences between an offeree and an offeror in a contract negotiation?
An offeree is the party who receives an offer in a contract negotiation, while an offeror is the party who makes the offer. The offeree has the choice to accept or reject the offer, while the offeror is the one initiating the negotiation by making the offer.
What does offeror mean?
it means someone that offers something
What are the key differences between an offerer and an offeror in a contract negotiation?
An offerer is the party making an offer in a contract negotiation, while an offeror is the party receiving the offer. The key difference is that the offerer initiates the negotiation by proposing terms, while the offeror has the option to accept, reject, or counter the offer.
