An offer, together with acceptance and consideration, is one of the elements needed to form a contract under US law. The offer provides a counterpart (sometimes called an offeree) with the power to accept a deal and to form an agreement.
To identify an offer make sure that one party, the offeror, is unambiguously communicating his intention to enter into a deal if the offeree agrees. If Mr. A offers $100 to Mr. B to paint his fence, this should be an offer because if B agrees, we would have an agreement to paint a fence. On the other hand, if A is simply thinking of offering B $100, that’s not an offer, because it hasn’t been communicated.
Also, If Mr. A tells Mr. B that he’s thinking about hiring someone to paint his fence and would consider paying around $100, that’s also not an offer. Mr. A sounds like he’s trying to negotiate with Mr. B.
Below is a video on the offer. I have more content up already on Udemy.
