concepts of offer and acceptance

Offer and acceptance are fundamental ideas in forming agreements. An offer is a clear proposal made by one person to do something or provide something, indicating they intend to be bound if the other agrees. Acceptance is the recipient’s clear agreement to the terms of the offer, creating a mutual understanding and a binding contract. For example, if someone offers to sell their bike for $100 and the other agrees, the contract is formed through this acceptance. Both steps must be clear and voluntary, showing genuine agreement from both parties.