Power of acceptance

{
  "id": "MLC-T-LAW-003821",
  "term": "Power of acceptance",
  "field": "Law",
  "definition": "The legal ability of an offeree to create a binding contract by assenting to the terms of an offer. This power arises when a valid offer has been made and communicated to the offeree. Once the offeree accepts the offer according to its terms, a contract is formed, provided all other elements of contract formation are present.",
  "url": "https://mlchart.com/terminology/law/power-of-acceptance/"
}