Sentence examples for offeror from inspiring English sources
The word 'offeror' is correct and usable in written English
It is a legal term that refers to the person or entity making an offer in a contract or agreement. Example: The offeror in this case was the seller, who proposed the terms and conditions for the sale of the property to the potential buyer.
noun
One who makes an offer to another.
- A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree.
In the common law, on the other hand, if the offeree uses an appropriate means of communication, the acceptance is effective on dispatch unless the offeror stipulated the contrary in his offer.
In sum, the German and Anglo-American systems both try to achieve, and in a measure succeed in achieving, a fair balance between the offeror and the offeree.
Several distinctly different patterns are found in the approach of modern legal systems to the problems of whether an offeror is free to revoke his offer before acceptance and of when an acceptance is effective to form a contract.
In German law the acceptance takes effect when it reaches the offeror, in the sense that he either knows or can learn of it.
(A revocation by the offeror, however, does not take effect until received by the offeree).
In Anglo-American common law, when parties contract by correspondence, the acceptance takes place on dispatch of the letter, but the offeror can stipulate that no contract will be formed until the acceptance has reached him.
The Takeover Panel has stated that these types of protections may "deter competing offerors from making an offer, thereby denying offeree company shareholders the possibility of deciding on the merits of a competing offer".
In its statement, the board of Warner Chilcott said it was "conducting a process to explore a broad range of strategic alternatives to enhance shareholder value, which include preliminary discussions with potential offerors".
Betfair chairman Gerald Corbett said: "The board has spent considerable time assessing the various proposals, including detailed discussions with the co-offerors.
The formal statement said he had no authorisation from the board to talk with "the potential offeror" and had failed to disclose a possible interest in the outcome of these talks.
Checketts said that the Yankees "cannot enlist an 'offeror' to construct an 'offer' devised solely to defeat MSG's rights" and that the offer did not arise out of "arms-length negotiations".
