An offer for consideration or acceptance.It is a general rule that a proposal offered to another for acceptance may be withdrawn at any time before it is accepted, provided that notice of the withdrawal be given to the party to whom it was made. A bid may be withdrawn at any time before acceptance; and a proposal by letter may be withdrawn at any time before, acceptance and, if accepted, it must be, in the very terms offered. PROPOSITION - An offer to do something. Until it has been accepted, a proposition may be withdrawn by the party who makes it; and to be binding, the acceptance must be in the same terms, without any variation.
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