What Is an Offer in Contract Law?
7:50
Study.comKat Kadian-Baumeyer
What Is an Offer in Contract Law?
In contract law, an offer is defined as a promise of money or an item of value from a promisor in exchange for performance by a promisee. An offer can be revoked, terminated, or negotiated. Learn how an offer works in contract law, the six elements to a contract, and how the court interpreted contract law in the 1893 court case of Carlill v ...
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