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The second stage of contract formation is the acceptance of an offer by the offeree. The offeror is the person who makes an offer, while the offeree can create the contract by accepting the offer. This presentation provides general information about accepting an offer, including basic concepts, differences between unilateral and bilateral contracts, complications that arise, and an explanation of the mailbox rule. Acceptance is a clear agreement to the offer, and the ability to accept is determined by the offer. The offeror can give the power of acceptance to specific individuals or groups. The offer can be accepted through words or performance, unless otherwise stated.
