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The second stage of contract formation involves the acceptance of an offer by the offeree. The offeror makes an offer, and the offeree can create the contract by accepting it. This presentation provides general information about accepting an offer, discussing basic concepts, differences between unilateral and bilateral contracts, complications that can arise, and the mailbox rule. Acceptance is the clear and unequivocal agreement to the offer made by the other party. The offeree's ability to accept is determined by the offer, which may specify who can accept - whether it be a single person, a group, a class, or anyone who meets the requirements. The offer can be accepted by words or performance, unless stated otherwise.