Sentence examples for the offeror from inspiring English sources
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.
(A revocation by the offeror, however, does not take effect until received by the offeree).
In the German view, an offer binds the offeror for any stipulated period or, when the offer is silent as to time, for a reasonable period unless the offeror has expressly made the offer revocable.
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.
In German law the acceptance takes effect when it reaches the offeror, in the sense that he either knows or can learn of it.
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.
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.
The offerors who submit the proposal with the highest technical score and business proposals are then awarded a contract to perform the clinical studies.
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.
"The board of Brit Insurance reviewed this proposal and concluded that it significantly undervalues the group and has accordingly advised the potential offeror that it does not represent a basis on which the board is prepared to engage in any further discussions".
Betfair chairman Gerald Corbett said: "The board has spent considerable time assessing the various proposals, including detailed discussions with the co-offerors.
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.
