Acceptance

In legal terms, acceptance refers to the agreement by one party to the terms offered by another party. It is a crucial element in forming a contract. For acceptance to be valid, it must be clear, communicated openly to the offeror, and must match the terms of the offer exactly. This means that if someone offers to sell you a car for a specific price and you agree to buy it at that price, you have accepted the offer. Acceptance shows that both parties are on the same page and intend to create a binding agreement.