Examlex
What term is used to describe the process of systematically examining the difference between what is expected and what occurs?
Termination of Offer
The revocation or withdrawal of a proposal by the offeror before it has been accepted by the offeree.
Counteroffer
A proposal made in response to an original offer, modifying its terms and conditions, which effectively rejects the initial offer.
Material Term
A significant provision in a contract that notably affects the rights and obligations of the parties involved.
Elements of Offer
The criteria that must be met for a proposal to be considered a valid offer in contract law, typically including intent, definiteness, and communication to the offeree.
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