Contracts
The legal term for the person making an offer in a contract is:
AOfferee
BOptionee
COfferor✓ Correct
DObligor
Explanation
The offeror is the party who makes the offer (in real estate, typically the buyer). The offeree is the party who receives the offer (typically the seller).
Related Alabama Contracts Questions
- Under Alabama contract law, an offer to purchase real estate can be revoked by the offeror:
- In Alabama, if a buyer defaults on a real estate purchase contract, the seller's remedy may include:
- The legal doctrine of 'specific performance' in real estate means:
- An option contract in real estate gives the buyer the:
- A buyer makes a written offer that the seller accepts with a minor handwritten change initialed only by the seller. This creates:
- In a 'subject to' sale, the buyer:
- In a real estate contract, 'consideration' most commonly takes the form of:
- A contract in which one party has fully performed their obligations is called:
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