Asked by Minnie Jones on Jun 28, 2024
Verified
Which of the below rules allows that an acceptance is valid when it is placed in the mailbox?
A) The Acceptance Rule
B) The Contract Rule
C) The Reasonable Rule
D) The Mailbox Rule
E) The Contract Legality Rule
Mailbox Rule
is a legal principle that an offer, acceptance, or any other form of legal communication is considered effective once it is dispatched, not when it is received.
- Clarify the idea of acceptance in the context of the Mailbox Rule and its applicability to various communication types.
Verified Answer
HG
Hailey GabriellaJun 29, 2024
Final Answer :
D
Explanation :
The Mailbox Rule, also known as the postal rule, is a legal principle that states an acceptance is considered effective once it is dispatched by the offeror, not when it is received by the offeror. This rule applies primarily to contract law, making the communication of acceptance complete as soon as the letter of acceptance is placed in the control of the postal service.
Learning Objectives
- Clarify the idea of acceptance in the context of the Mailbox Rule and its applicability to various communication types.