NBE Funeral Service Director

Category - Arts - Regulatory Compliance

A transaction to buy or sell an item between parties may be initiated through which of the following persons?
  1. Acceptor
  2. Offeror
  3. Offeree
  4. Proffer
Explanation
Answer: B - An offeror may be a term used for a person who initiates a transaction between two parties, as in the case of an offer to buy or sell a good or service.

A person initiating a transaction to buy or sell an item may be referred to as an offeror. An offeree is an individual to whom the transaction is with. A proffer is synonymous with offer, and an acceptor is the individual who accepts the terms of an offeror.
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