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1. Contract law a proposal made by one person that will create a binding contract if accepted unconditionally by the person to whom it is made
2. on offer for sale at a reduced price



a proposal to conclude a civil law contract that contains all the essential conditions of the contract. The offer may be made to a specific person or to an indefinite number of people, for example, a public offer placing an item with a marked price in a store window. The offer may be in oral or written form and may or may not specify a time limit for the answer (acceptance).

Under Soviet law, a contract based on an oral offer without a time limit for the answer is considered concluded if the other party immediately (including by telephone) accepts the offer. If such an offer is made in written form, the contract is considered concluded when the answer accepting the offer is received during the time normally necessary for acceptance. Under the law, an acceptance on conditions different from those offered is considered both a rejection of the offer and a new offer (for example, the Civil Code of the RSFSR, art. 165). Disagreements that arise during the conclusion of contracts among state, cooperative (with the exception of kolkhozes and interkolkhoz organizations), and other public organizations are normally resolved by arbitration agencies.

References in periodicals archive ?
The Offeror Must Meet The Following Experience And Qualification Requirements In Order To Be Considered Responsive.
The Offeror and Ballast Nedam today jointly announce that the Offeror declares the recommended public cash offer by the Offeror for all depositary receipts of all issued and outstanding ordinary shares in the capital of Ballast Nedam ("Depositary Receipts"), at an offer price of EUR 0.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.
The Tender Offeror and the Target have reached a common understanding as described above after several discussions over a long-term period since spring 2006.
Past performance answers the question, "Historically, how has the offeror lived up to past commitments?
In the certificate of established catalog or market price, the offeror certifies to the best of his or her knowledge
The second poison pill right that may violate the solely-for-voting-stock requirement is the right to purchase the stock of the hostile tender offeror at a discount.
The Offeror acquired the Common Shares pursuant to the Transaction in settlement of the Debt, to provide an immediate source of cash to the Company and to provide financial relief to the Company in a time of financial hardship.
With the publication of the Offer Memorandum today, the Offeror and Ballast Nedam jointly announce that the Offeror is making a recommended cash offer to all holders of Depositary Receipts ("Depositary Receipt Holders") to acquire their Depositary Receipts at an Offer Price of EUR 0.
Satisfactory/Confidence -- Based on the offeror's performance record, some doubt exists that the offeror will successfully perform the required effort.
CKx Entertainment Offeror, LLC and certain other persons have filed a combined Tender Offer Statement and Rule 13e-3 Transaction Statement filed under cover of Schedule TO with the SEC, and has mailed the Offer to Purchase, forms of letter of transmittal and related documents to CKx stockholders.