Match each statement with the correct element of a contract.
We would like to rent 50 acres of
land to plant wheat, and we will
pay 40 percent of the costs.
This work of art is available for sale
to the highest bidder.
Offer
We have understood the proposal
and promise to deliver 20 boxes
of paper.
I have read the contract, and I will
abide by all the terms.
Which options should I put in, offer or acceptance?