Contractual acceptance is the final step in forming a binding agreement. It occurs when the person receiving the offer agrees to the offer's terms as presented.

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The statement presents the idea that contractual acceptance is the final step in forming a binding agreement and that it occurs when the offeree agrees to the offer's terms as presented.

Option: True
- In many contract theories, acceptance by the offeree to the terms of an offer is the key act that completes the formation of a contract. This requires clear assent to the terms as presented, and, in most cases, communication of that acceptance to the offeror is required. When acceptance is properly communicated and corresponds to the offer’s terms (a mirror image), a binding contract is typically formed. This aligns with standard contract principles that emphasize a definite offer, unequivocal acceptance, and consideration to create enforceable obligations.

Option: False
- If you select False, you would be arguing that acceptance is not the final step or that it does not require agreement to the terms as presented. This is generally incorrect because a contract is usually formed when the offeree accepts the offer exactly as stated and communicates that acceptance. However, it’s worth noting that there are exceptions: some contracts may be formed by performance (a unilateral contract), or acceptance can be implied by conduct rather than explicit words in certain contexts. Yet the given statement specifically describes acceptance as the offeree’s agreement to the terms as presented, which corresponds to the conventional understanding of the final step in formation.

Overall, the classic view supports that acceptance by the offeree to the offer’s terms is the decisive act that produces a binding agreement, provided other elements (offer, consideration, capacity, legality) are also satisfied.

25_4 LAW3000 Business Law

Contractual acceptance is the final step in forming a binding agreement. It occurs when the person receiving the offer agrees to the offer's terms as presented.

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