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Conception occurs in the
Highest Bidder
the person or entity that offers the highest price in a bidding process, such as an auction, and is typically awarded the item or contract up for bid.
Revoking
The act of formally withdrawing, canceling, or revoking a statement, offer, or privilege.
Written Offer
A formal proposal presented in written form by one party to another, stipulating the terms under which the offeror is willing to engage in a contract.
Sold
The act of transferring ownership of an item or service from one party to another in exchange for money or other compensation.
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