offeree


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offeree

n. a person or entity to whom an offer to enter into a contract is made by another (the offeror).

References in periodicals archive ?
62) Nevertheless, for purposes of determining whether a court's selection of a state's substantive law exceeds constitutional limitations on choice of law, the state in which the offeree happens to mail a written acceptance does not have "a significant contact" with the parties or the bargain concluded by that act when (a) neither party had any reason to anticipate the offeree would be in that State when he posted the written acceptance, (b) neither party was aware the offeree was in that State at that time, and (c) the offeree's posting of the written acceptance in State X does not create any legitimate state interests in having that state's substantive law apply.
contract, the offeror cannot impose on the offeree terms either that a
It is easy enough to see that where the offeree has withheld some crucial fact, or engaged in some other underhanded behaviour, that they should not have the benefit of any promise that they have received.
The Rules recognise that takeover rumours affect the share price of an offeree.
Certain member states entitle the shareholders of the offeree company (at the general meeting) to release the offeror from the obligation to launch a mandatory bid (whitewash procedures).
An offeror could preclude any additional term, material or immaterial, through a statement in the offer expressly conditioning any acceptance to the strict terms of the offer ([section] 2-207(2)(a)), or, upon receiving an acceptance with additional terms, sending a notice of objection to the offeree ([section] 2-207(2)(c)).
31, 1986) (noting that the existence of prior substantive relationships with offerees is a factor in evaluating whether a general solicitation has occurred); Use of Legends and Stop-Transfer Instructions as Evidence of Non-Public Offering, Securities Act Release No.
In addition, the panel concluded that a number of changes should be proposed to the code to improve the offer process and to take more account of the position of those who are affected by takeovers, in addition to offeree company shareholders.
A bilateral contract becomes effective when the offeror learns of the offeree's acceptance; (22) a unilateral contract becomes effective when the offeree begins the requested performance (art.
Ultimatum game studies test human action in the following situation: A person is assigned a sum and asked to offer a portion of the sum to another person with the understanding that if the other person accepts the offer, both will gain something--the offeror keeps the remainder of the sum not offered, and the offeree keeps what was offered and accepted--but if the other person rejects the offer, neither will gain anything.
Conditional acceptance occurs when an offeree accepts an offer upon