|n.||1.||That which is proposed, or propounded for consideration or acceptance; a scheme or design; terms or conditions proposed; offer; |
|2.||(Law) The offer by a party of what he has in view as to an intended business transaction, which, with acceptance, constitutes a contract.|
|Noun||1.||proposal - something proposed (such as a plan or assumption)|
|2.||proposal - an offer of marriage|
|3.||proposal - the act of making a proposal; "they listened to her proposal"|
PROPOSAL. An offer for consideration or acceptance.
2. It is a general rule that a proposal offered to another for acceptance may be withdrawn at any time before it is accepted, provided that notice of the withdrawal be given to the party to whom it was made. A bid (q.v.) may be withdrawn at any time before acceptance; and a proposal by letter may be withdrawn at any time before, acceptance 1 Pick. 278; and, if accepted, it must be, in the very terms offered. 3 Wheat. 225. Vide Bid; Correspondence; Letter; Offer.