The act of both parties agreeing to carry out their promise is which element of a contract?

• A. Consideration
• B. Offer
• C. Intent
• D. Acceptance

Answer: (C)

Acceptance is the moment both parties agree to the terms and intend to be bound by them. In forming a contract, an offer lays out the terms, and acceptance is the clear, unequivocal agreement to those terms (often communicated to the offeror). This mutual assent, sometimes called a meeting of the minds, creates a binding obligation because both sides have committed to carrying out the promised actions. Without acceptance, there’s no contract even if an offer exists. While other elements like what is exchanged (consideration) and the intention to be bound support a contract, the act of agreeing to perform the promise is acceptance.