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LSDefine
Simple English definitions for legal terms
Offeree
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A quick definition of Offeree:
Term: Offeree
Definition: An offeree is a person who is given an offer. This means that someone has asked them if they want to do something or buy something. For example, if someone offers to sell you a toy, you are the offeree because you are the one being asked if you want to buy the toy.
A more thorough explanation:
Offeree
Someone who receives an offer.
An offeree is a person who is offered something. For example, if someone offers to sell you a car, you are the offeree. You have the option to accept or decline the offer.
- When a company offers a job to a candidate, the candidate becomes the offeree.
- If a friend offers to lend you money, you are the offeree.
- When a store offers a discount to customers, the customers become the offerees.
These examples illustrate how the person who receives an offer becomes the offeree. The offeree has the power to accept or reject the offer.