Asked by Nefetiti Easter on May 08, 2024
Verified
The offeror is said to be "the master of the offer." This means that offerors have the power to determine the terms and conditions under which they are bound to a contract.
Master Of The Offer
Refers to the party in a contractual agreement who has the authority and capacity to make the offer to another party.
Terms And Conditions
The set of rules and guidelines that are agreed upon between parties, typically outlining the rights, duties, and limits pertaining to a service or transaction.
- Comprehend the conditions necessary for an enforceable offer, such as present intent, definiteness, and transmission.
Verified Answer
CP
Cassie PoulainMay 11, 2024
Final Answer :
True
Explanation :
As the masters of their offers,offerors can give offerees the power to bind them to contracts by making offers.They can also terminate that power by revoking their offers.
Learning Objectives
- Comprehend the conditions necessary for an enforceable offer, such as present intent, definiteness, and transmission.
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