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offeree
[ aw-fuh-ree, of-uh- ]
noun
- the person to whom an offer is made: Compare offeror ( def ).
The offeree failed to follow up his earlier expression of interest, and the offer lapsed.
Word History and Origins
Origin of offeree1
Example Sentences
University of Missouri School of Law professor Frank Bowman, who writes the blog “Impeachable Offenses?” and occasionally writes for Slate, argued that even offering an unaccepted pardon would constitute impeachable obstruction, “because it threatens constitutional order and demonstrates the presidents unfitness for office every bit as much as a corrupt offer that the offeree accepts.”
Examples include, requiring the offeree to pass a background check or to have a certain degree.
The companies, which are both being treated as offeree companies, are required to announce a firm intention to make an offer not later than March 24.
The Takeover Panel has stated that these types of protections may “deter competing offerors from making an offer, thereby denying offeree company shareholders the possibility of deciding on the merits of a competing offer.”
The law in the United States generally is that an offer may be withdrawn immediately or after a reasonable time, unless it was made on time for a consideration; and that a contract between the absent begins only on receipt by the offerer of the acceptance of the offeree, if the former stipulated for this, or if the offerer uses one means of communication as his agency and the offeree another.
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