Meaning of ACCEPTANCE in English

ACCEPTANCE

One of three requisites to a valid contract under common law (the other two being an offer and consideration ). A contract is a legally binding agreement between two or more parties which starts with an offer from one person but which does not become a contract until the other party signifies an unequivocal willingness to accept the terms of that offer. The moment of acceptance is the moment from which a contract is said to exist, and not before. Acceptance need not always be direct and can, in certain circumstances, be implied by conduct (see acquiescence below).

Duhaime's Law English dictionary.      Английский юридический словарь Duhaime .