Asked by Trishton Belisle on Jul 29, 2024
Verified
In general,the mailbox rule is beneficial to:
A) the offeror.
B) the offeree.
C) the courts.
D) third-party beneficiaries.
Mailbox Rule
A legal principle stating that an offer is considered accepted at the time the acceptance is sent through the mail, not when it is received by the offeror.
- Understand the function of communication methods in the acceptance procedure and the implementation of the mailbox principle.
Verified Answer
VM
Victoria MoralesAug 01, 2024
Final Answer :
B
Explanation :
According to the mailbox rule,properly addressed and dispatched acceptances can become effective when they are dispatched,even if they are lost and never received by the offeror.It protects the offeree's reasonable belief that a binding contract was created when the acceptance was dispatched.
Learning Objectives
- Understand the function of communication methods in the acceptance procedure and the implementation of the mailbox principle.
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