Asked by Siddharda Chillapalli on May 10, 2024
Verified
The rule that the terms of the acceptance must be the same as the terms of the offer is known as which of the following?
A) The reflective rule
B) The mirror image rule
C) The mailbox rule
D) The matching rule
Mirror Image Rule
A common law rule that requires that the terms of the offeree’s acceptance adhere exactly to the terms of the offeror’s offer for a valid contract to be formed.
Acceptance
The action of consenting to receive or undertake something offered.
Offer
A proposal presented by one party to another as the basis for a contract, requiring acceptance to become legally binding.
- Distinguish between different types of rules such as the mirror image rule, mailbox rule, and others relevant to contract law.
Verified Answer
KK
Karriann KrausMay 16, 2024
Final Answer :
B
Explanation :
The mirror image rule is a principle in contract law that requires the terms of the acceptance to exactly match the terms of the offer. If the acceptance alters the terms or adds new ones, it is not considered a valid acceptance but rather a counteroffer.
Learning Objectives
- Distinguish between different types of rules such as the mirror image rule, mailbox rule, and others relevant to contract law.