Offeree - Law Dictionary Search Results
Home Dictionary Name: offereeofferee
offeree : one to whom an offer is made [a unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the "Kloss v. Honeywell, Inc., 890 P.2d 480 (1995)"] ...
infer
infer in·ferred in·fer·ring vt : to derive as a conclusion from facts or premises [could acceptance of the offer from the offeree's response] vi : to draw inferences in·fer·able also in·fer·ri·ble [in-fər-ə-bəl] adj ...
power
power 1 : capability of acting or of producing an effect [parties of unequal bargaining ] 2 a : authority or capacity to act that is delegated by law or constitution often used in pl. commerce power often cap C&P : the power delegated to Congress under Article I, Section 8 of the U.S. Constitution to regulate commerce esp. among the states see also commerce clause concurrent power : a power that is held simultaneously by more than one entity ;specif : a power delegated to the federal government by the U.S. Constitution that is also held by the states enu·mer·at·ed powers [i-nü-mə-rā-təd-, -nyü-] : the powers specifically named and delegated to the federal government or prohibited to be exercised by the states under the U.S. Constitution compare reserved powers in this entry executive power : the power delegated to the executive of a government ;specif : any or all of the powers delegated to the president under Article II of the U.S...
Offer
Offer is, in effect, a promise by the offeror to do or abstain from doing something, provided that the offeree will accept that offer and pay or promise to pay the 'price' of the offer. The price, of course, need be a monetary one. In fact, in bilateral contracts, the mere promise of payment of the price suffices to conclude the contract, while in a unilateral contract it is the actual payment of the price which is required, An Introduction to the Law of Contract. P.S. Atiyah, 44 (3rd Edn., 1981)....
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