Examlex
For the production segments of firms using __________ technology such as auto assembly plants and canneries,IT can be linked to total quality management programs and be embedded in the machinery.
Offeror
The party making the offer.
Accepted
Acknowledged or agreed upon; typically refers to an agreement or proposal that has been agreed to by all parties involved.
Mailbox Rule
A rule providing that an acceptance of an offer takes effect at the time it is communicated via the mode expressly or impliedly authorized by the offeror, rather than at the time it is actually received by the offeror. If acceptance is to be by mail, for example, it becomes effective the moment it is placed in the mailbox.
Offer
A proposal presented by one party to another as a basis for negotiations in a potential contract.
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