Asked by Lucas Castro on Jul 27, 2024
Verified
Which of the following would indicate a rejection under the mirror image rule?
A) Inquiry regarding terms
B) Material changes to offer
C) Grumbling acceptance
D) Present intent to accept
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly without modifications for a valid contract to be formed.
Material Changes
Significant alterations or modifications that could affect a company’s financial condition or the value of its shares, requiring disclosure to shareholders and regulatory bodies.
- Comprehend the legal implications of significant alterations during the acceptance phase as per common contract law and the Uniform Commercial Code.
Verified Answer
TC
Tanner CereghinoJul 29, 2024
Final Answer :
B
Explanation :
Under the mirror image rule,only significant material changes between an offer and an acceptance would indicate an implied rejection of the offer.
Learning Objectives
- Comprehend the legal implications of significant alterations during the acceptance phase as per common contract law and the Uniform Commercial Code.
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