Offer and Acceptance

Offer and Acceptance
Learn about 'Offer and Acceptance', crucial concepts in contract law that form the basis of legally binding agreements.
Offeree
An offeree is a person or party that receives an offer from another individual or entity. The offeree has the authority to accept, reject or counter the offer.
Offerer
An offerer is the party who presents an offer in a contractual agreement and has the ability to rescind the offer any time before it is accepted.
Offeror
The Offeror is a party who makes an offer to enter into a contractual agreement with another party (the offeree) in some legal contexts. It is an essential aspect of contract law, advertising, and various business transactions.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.