Acceptance in contract law is when a person agrees to the terms of an offer without any changes. Learn the elements of a valid contract law including offer, acceptance, consideration, and more to ensure legally binding agreements.Every enforceable contract consists of three basic elements: offer, acceptance and consideration. In this module, we'll explore offer and acceptance. When a party makes an offer for real estate, the acceptance must be in writing in order to comply with the Statute of Frauds. Have a conversation with a listing agent to find out what it's going to take right to get your offer accepted over anyone else's. Acceptance is the agreement to an offer resulting in duties, obligations, or benefits for one or more of the parties.