Offer and Acceptance

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  • 1 Types
August 25, 2024 3 min read Definitions
Offeree: Definition and Role
Law Business Contract Law Legal Terminology Business Contracts Offer and Acceptance Legal Definitions
The offeree is a party who receives an offer in a contractual agreement, having the power to accept or reject the offer.
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August 25, 2024 4 min read Definitions
Revocation: Recall of Authority, Cancellation of Instruments or Offers
Law Business Authority Cancellation Legal Terms Contract Law Offer and Acceptance
Revocation refers to the recall of authority previously conferred, the cancellation of a previously effective instrument, or the termination of an offer which nullifies the power of acceptance.
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