party who makes an offer to form a contract

withdrawing an offer before it is accepted

agreement between two parties that creates an obligation

when the offeree changes the offeror's terms in important ways and sends it back to the offeror

party to whom an offer is made

offeree can accept offer by giving a promise to the offeror instead of performing the contracted-for act

separate contract arising when the offeree gives the offeror something of value in return for a promise to leave an offer open

proposal by an offeror to do something, provided the offeree does something in return

occurs when a party to whom an offer has been made agrees to the proposal

offeror promises something in return for the offeree's performance and indicates that this performance is the way acceptance must be made

contractual proposal in writing by a merchant stating how long the offer is to stay open

requires that the terms in the acceptance must exactly match the terms contained in the offer

Contracts are the agreements between two or more parties that create obligations.

All serious agreements are contracts.

If you make an offer in jest, but a reasonable person would interpret your conduct otherwise, you have made an offer.

When the offeror communicates an offer to contract, the offeree is not required to accept it but he or she may choose to do so.

Social agreements create legal obligations.

Advertisements are typically considered invitations rather than offers.

Every offer, when properly made, is always ended either by acceptance or rejection by the offeree.

Even though the offeree has given nothing of value in exchange, a merchant who makes a firm offer may not revoke it.

An offer made to one person can be accepted by another.

An offeror's attempt to word the offer so that silence would appear to be an acceptance is valid.