In contract terms, the person who makes the offer is called the

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 terms, the person who makes the offer is called the

Explanation:
In contract terms, the person who makes the offer is called the offeror, and the person to whom the offer is made is the offeree. This labeling shows who initiates the proposal and who is being asked to consider it. The offeror starts the deal by presenting terms, and the offeree can accept, reject, or propose a counter-offer. A contract comes into existence only when the offeree accepts the terms offered. The statement that identifies these roles exactly is the best fit. The other descriptions mix up who is doing the offering or suggest they’re the same person, which doesn’t align with how negotiations between two parties work.

In contract terms, the person who makes the offer is called the offeror, and the person to whom the offer is made is the offeree. This labeling shows who initiates the proposal and who is being asked to consider it. The offeror starts the deal by presenting terms, and the offeree can accept, reject, or propose a counter-offer. A contract comes into existence only when the offeree accepts the terms offered. The statement that identifies these roles exactly is the best fit. The other descriptions mix up who is doing the offering or suggest they’re the same person, which doesn’t align with how negotiations between two parties work.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy