Answer: The offeror is the party who makes an offer in a contract, while the offeree is the party to whom the offer is made.
Explanation: In contract law, the offeror initiates the agreement by proposing terms to the offeree. The offeree has the option to accept, reject, or counter the offer. The roles are crucial in determining who is responsible for the terms of the contract and who has the power to accept or decline the offer.