Our agent said that it doesn't matter if a binder is in place, because other offers can still be made and accepted during this time. An offer is a written or verbal promise to undertake some obligation.There are several elements that go into making an offer enforceable under NJ contract law. â–¡ ACCEPTANCE OF OFFER BY SELLER Seller accepts the offer of Buyer and agrees to sell on the terms and conditions set forth in the Contract. Explore the essentials of acceptance in contract law, including types, legal implications, and FAQs, to navigate agreements confidently. ACCEPTANCE: This order expressly limits acceptance to the terms and conditions stated herein. Buyer and seller should consult their own attorney. Unfortunately in the world of real estate contracts, though, it's typically "no take backs" for the seller, even if a shinier offer comes along.