What is offer example?

An offer refers to a proposal or proposition made by one party to another with the intention to commence a business transaction, enter into a contract or agreement. An offer consists of specific terms and conditions, including the price, payment method, delivery terms, and other essential details of the transaction. It is essential that the offer is clear, unambiguous, and communicated effectively to the recipient. An offer can be made verbally, in writing, or by electronic means such as email or text message. Once an offer is made, the other party has the option to accept, reject or negotiate the terms of the offer. An offer can be revoked or withdrawn by the offering party at any time before it is accepted. When both parties agree to the terms and conditions of an offer, a legally binding contract is formed.