Assume that John submits ann offer to Lisa to purchase Lisa's home for $300,000. Lisa responds to John's offer with a counteroffer: she will sell John her home for $325,000. John then offers to purchase the home for $325,000 and Lisa accepts the offer. In each of these transactions, who is the offeror and who is the offeree?

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Assume that John submits ann offer to Lisa to purchase Lisa's home for $300,000

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