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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Upon further reflection, some might ask, "What happens in this scenario if Offeror Number 4 did not exist?
This offer remains subject to various closing conditions stated in offeror's tender offer materials.
(52) The price evaluation team compared an offeror's rate for a labor category to the independent government cost estimate rate, and "then it compared the rate to the mean of all offerors' evaluated rates for each labor category using a two-standard-deviation measure." (53) The results showed that the offerors all fell between one and three standard deviations.
The Tender Offeror started as an optical glass manufacturer, and has been expanding its businesses by leveraging optical materials and precision processing technologies.
It is evident the government intends to rely on the discount data supplied by the offeror in the preaward stage for negotiating the contract price(s).
This right is designed to defeat a two-tiered tender offer by preventing the tender offeror from offering a lower price for shares once the tender offeror has acquired control of the company.
Step 1 was to identify discriminators (strengths and weakness) by offeror and organize them by evaluation factors.
Under this tender offer, the offeror has reserved the right to buy shares of Sponda before, during and/or after the offer period in public trading on Nasdaq Helsinki Ltd or otherwise.
In optical equipment and related materials, we believe that, if the Target's optical design and processing technologies and the Tender Offeror's optical material development and precision processing technologies and mass production capability of optical lenses are vertically integrated, we could become the only optical manufacturer in the global market having the ability of creating new optical module system products.