Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount. Ola is the?

A. offeror
B. offeree
C. acceptor
D. guarantor
E. surety

Correct Answer:

Option A – offeror

Explanation:

One who makes an offer to another. A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree. Acceptance of the offer terminates the power of revocation that the offeror ordinarily has.