offer

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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 ?
Al-Alfy pointed out that the new offer price represents a downgrade in the value of GTH by about EGP 1bn.
This increased offer price has been determined in consideration of the revaluation of the value of Nordjyske Bank's stake of BI Holding and the upgrade of expectations of 2018 which were announced by Nordjyske Bank on 21 March 2018.
In connection with the increased tender offer price, Lexmark will extend the offer period for ReadSoft shareholders to tender their shares to on or about July 14, 2014.
Among the firms in our sample, 1,591 SEOs set an offer price different from the last closing price before the SEO date and only 249 firms used such a closing price as the relevant value for the share of stock.
MasterChef Everyday Special offer price of PS16 including free p&p (RRP is PS20).
Onexim Group announced offer price to minority shareholders of OPIN (OPIN RX) of R534.96 ($18 at current rates), which missed our estimates (R587.63, based on a six months average) by 10%.
Offer Price pounds 5.99 Brassica Seed Collection: Brussel sprout rubine red, cauliflower snowball, broccoli purple early sprouting, cabbage F1 spring hero, cabbage golden acre and cabbage offenham.
Narcissus Replete x 10 RRP pounds 11.99 Offer Price pounds 9.99 This amazing double spring flowering pink daffodil has perfectly shaped peachpink with snow white blooms.
Vector, the UK's first real estate investment trust (REIT) specialising in hotels, has reduced its offer price to between 875p and 900p - valuing the firm at up to pounds 1.8 billion - after "feedback from investors".
Nikko Cordial Corp.'s share price topped Citigroup Inc.'s tender offer price of 1,700 yen per share Friday for the first time since the U.S.
Qantas shares traded at AUD$5.30 on Friday, 5 percent below the offer price, indicating investors did not expect a higher bid to emerge.

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