Which statement accurately describes the offeror in a contractual agreement?

In a contractual agreement, the offeror is defined as the individual who initiates the offer. This person proposes the terms of the contract to another party, thereby setting the stage for potential agreement and acceptance. The offeror is crucial in establishing the foundation of the contract; they outline what they are willing to give or do in exchange for something the other party will provide. Understanding the role of the offeror helps clarify the dynamics of the negotiation process and what responsibilities accompany each party involved in the agreement.