Aspects of contract and business law

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Written by:

Wayne R


Date added:

May 5, 2015








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2 / 547


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An offer is the same as an Ask. The person to make the offer or have something for sale etc. is called the offeror. The recipient to the offer who will consider or accept the offer from the offeror is called the offeree. For example if someone wanted to take out a mobile phone contract, the offer of the contract has been provisionally set up in the phone shop...
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Therefore that is where the offer takes place. The shop has the offer and is then the ‘offeror’ and you are the ‘offeree’ looking for the contract. The second element to any contract is acceptance. The key part of acceptance is that it must be communicated and all terms negotiated or agreed by both parties before the next step of the contract can be entered into...
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