Examlex
Which powers are granted to Congress in the constitutional authorization "to make all laws which shall be necessary and proper for carrying into execution the foregoing powers"?
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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