offer


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Related to offer: Invitation to treat

offer

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

Offer

 

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 offer should set forth the legal grounds for compromise and provide sufficient information for the Service to determine whether it fits within its acceptance policies, including (1) doubt as to liability, (2) doubt as to collectibility or (3) promotion of effective tax administration, as set forth in the regulatins and the procedure.
Finally, an offer can be submitted for doubt as to liability, when the correctness of the assessed tax is in question.
If an offer is determined to be nonprocessable based on these criteria, it is returned to the taxpayer without an investigation of its merits.
The tender offer will now expire at 11:00 am New York City time, on January 23, 2007, unless Open Solutions chooses to again extend or to terminate the tender offer as provided in the Offer to Purchase.
19 )On acceptance, the offer becomes available for public inspection in the office of the District Director for a period of one year from the date of acceptance.
The tender offers and consent solicitations relating to the Notes are being made upon the terms and conditions set forth in the Offer to Purchase and the related Consent and Letter of Transmittal, as heretofore amended and as amended hereby.
These concerns and others (such as delays in the decision process) triggered the revisions to the offer in compromise program and the revised policy statement regarding offers.
The tender offers and consent solicitations relating to the Notes are being made upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated December 26, 2006 (the "Offer to Purchase") and the related Consent and Letter of Transmittal, as heretofore amended and as amended hereby.
The tender offer and consent solicitation are being made on the terms and subject to the conditions set forth in an Offer to Purchase and Consent Solicitation Statement dated December 4, 2006 and the related Consent and Letter of Transmittal (the "Tender Offer Documents").
As set forth more fully in MAN's offer document published on November 16 2006 (the "Offer Document"), Scania's shareholders are being offered to tender their shares to MAN for the consideration of [euro]51.
The shares to be purchased pursuant to the offer represent approximately 5.