An offer is an intended by conditional promise that is submitted by the buyer as well as the seller for accepting it. An offer becomes legally enforceable if accepted by the offeree. Basically, an offer is a clear indication of the offeror’s interest to enter into an agreement under certain specific terms (Langvardt, Barnes, Prenkart, McCrory & Perry, 2019). An offer is being made in a manner that a justified person would actually understand its acceptance would result in a binding contract. According to the textbook, “An offer is the critically important first step in the contract formation process” (pg-364).