In contract law, who is the offeree?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the AAT Level 2 Business Environment Test. Study with flashcards and multiple choice questions with hints and explanations to boost your readiness!

Multiple Choice

In contract law, who is the offeree?

Explanation:
In contract formation, the offeree is the person to whom the offer is made. The one who makes the offer is the offeror. The offeree holds the power to accept the proposal; once the offeree accepts (on terms that match the offer), a binding contract is formed, assuming other requirements like consideration and intention are present. A third party who merely receives the offer isn’t the offeree unless the offer was directed to them. Negotiating terms can involve either party, but the offeree specifically refers to the recipient of the offer.

In contract formation, the offeree is the person to whom the offer is made. The one who makes the offer is the offeror. The offeree holds the power to accept the proposal; once the offeree accepts (on terms that match the offer), a binding contract is formed, assuming other requirements like consideration and intention are present. A third party who merely receives the offer isn’t the offeree unless the offer was directed to them. Negotiating terms can involve either party, but the offeree specifically refers to the recipient of the offer.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy