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

Answer Details

In the given scenario, Ola presented his motorcycle for sale to Musa at a cost of #8,000 and Musa agreed to buy it at the same amount. Therefore, Ola is the offeror, which means that he made an offer to sell the motorcycle to Musa for a certain price. Musa is the acceptor, as he agreed to buy the motorcycle from Ola at the offered price. An offeror is the person who initiates a proposal or offer to enter into a contract, while an offeree is the person to whom the offer is made. The acceptor is the person who agrees to the terms of the offer, resulting in the formation of a legally binding contract. In this case, Ola made the initial offer to sell the motorcycle to Musa, who accepted the offer, thereby forming a contract between the two parties.