What term describes the party to whom an offer is presented?

The term that describes the party to whom an offer is presented is "Offeree." In the context of contract law, the offeree is the individual or entity that receives the offer from another party, known as the offeror. The offeree has the right to accept, reject, or counter the offer.

Understanding this role is critical in real estate transactions, as it defines the dynamics of offer acceptance and negotiation. The offeree's response to the offer significantly influences the progression of the contract forming process. If the offeree accepts the offer, a binding contract may be established, provided that all other elements of a valid contract are present.

The other terms are related but serve different functions. The offeror is the party making the proposal, while the optionor and optionee pertain to specific situations involving options in real estate contracts, where the optionor grants the optionee the right to buy or lease the property under specified conditions. Therefore, in this scenario, the offeree accurately represents the party receiving the offer.