Proposal versus proposition

[Mikeskragge]

Hi,

My boss asked me this question and I wasn't quite sure as of what was the correct answer.

If we had been aware of the merger proposition/proposal, we would have advised the CEO and suggested another option.

Basically, I find that both proposition and proposal would be appropriate here, but there's only one correct answer.

Proposition (n)

1. the act of offering or suggesting something to be considered, accepted, adopted, or done.

3. an offer of terms for a transaction, as in business.

Proposal (n)

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.

dictionary.reference.com

Thank You,

Michael Skragge