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Offeror
Offer and acceptance analysis is a traditional approach in contract law. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been weakened by developments in the law of estoppel, misleading conduct, misrepresentation and unjust enrichment.
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Offeree
Offer and acceptance analysis is a traditional approach in contract law. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been weakened by developments in the law of estoppel, misleading conduct, misrepresentation and unjust enrichment.
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Offeror (noun)
One who makes an offer to another.
“A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree.”
“Acceptance of the offer terminates the power of revocation that the offeror ordinarily has.”
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Offeror (noun)
Someone who presents something to another for acceptance or rejection.
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Offeree (noun)
One to whom an offer is made.
“A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree.”
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Offeree (noun)
a person to whom an offer to enter into a contract has been made
“has the offeree unequivocally accepted this offer?”