March 8, 2010
Acceptance is the second of the three most basic necessities for forming a contract, the first being the Offer, and the third being Consideration. The Acceptance is generally considered to be much simpler to execute than the Offer, but like Offers there can be pitfalls to Acceptance that will void the Offer or fail to complete the agreement.
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March 2, 2010
On its face, Contract Law in the United States is rather simple. There are only a few requirements to form a basic, valid Contract: an Offer, an Acceptance, and Consideration. Everything other than these three requirements constitutes an attempt to make better legal sense of a given set of circumstances. Offers, Acceptance, and Consideration also each have their own parts that determine whether they are valid (i.e., whether they constitute real instances of those things according to the law), but contracts at their most basic require only these three items.
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