Examlex
What is a rumour and when are rumours likely to spread fastest and farthest?
Revocation
Withdrawal of an offer before acceptance (must be communicated to the offeree).
Counter-Offer
A proposal made in response to an original offer, differing in terms and thereby rejecting the original offer.
Offeror
The party in a contract negotiation who presents the offer to enter into an agreement.
Offeree
The person to whom an offer is made in a contract situation.
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