Asked by Harish Ravalla on Jul 27, 2024
Verified
What can an offeror do to minimize the risk posed by the mailbox rule?
A) Include separate additional terms
B) Include a receipt stipulation in the contract
C) Select only known parties as original offerees
D) Revoke the offer before acceptance
Mailbox Rule
A legal principle in contract law that states an offer is considered accepted at the moment the acceptance is mailed, rather than when the acceptance is received by the offeror.
Receipt Stipulation
An agreement or acknowledgment documenting the receipt of something, often used in legal contexts to prove the acceptance of documents or payments.
- Gain an insight into the significance of communication modes in the process of acceptance and the utilization of the mailbox rule.
Verified Answer
ZK
Zybrea KnightAug 01, 2024
Final Answer :
B
Explanation :
An offeror has the ability to minimize the risk of the mailbox rule by stipulating in the offer that she must actually receive the acceptance for it to be effective.Offerors who do this maximize the time that they have to revoke their offers and ensure that they will never be bound by an acceptance that they have not received.
Learning Objectives
- Gain an insight into the significance of communication modes in the process of acceptance and the utilization of the mailbox rule.
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