Commercial correspondence unit 4: Offers

THThiNganHang
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What is an offer? An offer is a promise to supply goods or services on the terms stated. Usually the offerer is the seller, and the offeree is the buyer. ThiNganHang.com ThiNganHang.com 2

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Types of offers Firm offer Also called Quotation with qualifying statements Free offer (offer without engagement) Also called Quotation ThiNganHang.com ThiNganHang.com 3

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Firm offer  With qualifying statements, usually about time validity • For acceptance within 14 days. • The prices quoted will apply only to orders received on or before 31 March.  Usually made to one buyer only  Without sales confirmationThiNganHang.com  Not legally binding until accepted ThiNganHang.com 4

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Free offer (offer without engagement)  Without qualifying statements, providing negotiable terms by using adverbs “normally” or “usually”, or by asking the customer to confirm.  May be made to several buyers.  Not legally binding even when accepted by the buyer.  Only binding when the seller, after receipt of the buyer’s acceptance, confirms that acceptanceThiNganHang.com ThiNganHang.com 5

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