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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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