English contract law is the body of law that regulates legally binding agreements in England and Wales. An offer is a proposal from one party to another intending to create a legal obligation upon acceptance.An acceptance that contains terms different from or additional to those in the offer receives the same treatment under the common law and under the UCC. FALSE. What forms of consideration are valid in a contract? How can an offer be accepted in a contract? Acceptance in contract law is when a person agrees to the terms of an offer without any changes.