An offer is a proposal from one party to another intending to create a legal obligation upon acceptance. Explore the essentials of acceptance in contract law, including types, legal implications, and FAQs, to navigate agreements confidently.A unilateral contract involves the exchange of a promise for an act. To accept an offer to enter such a contract, the offeree must perform the requested act. An offer must be accepted in accordance with its precise terms if it is to form an agreement. A basic binding contract must comprise four key elements: offer, acceptance, consideration and intent to create legal relations. At Norfolk State University, your future starts here. We have high expectations for you and we help you achieve them.