Asked by Christian DelaRosa on May 16, 2024
Verified
Why is the mirror image rule not strictly applied to modern commercial transactions?
Mirror Image Rule
A principle in contract law that demands an acceptance must exactly match the terms of the offer for a valid contract to be formed.
Commercial Transactions
The exchange of goods, services, or funds in a business context, often governed by legal regulations and agreements.
Strictly Applied
Refers to the rigorous enforcement or adherence to rules, laws, or principles without deviation or exception.
- Distinguish between the concept of acceptance under common law, known as the mirror image rule, and acceptance as understood within the Uniform Commercial Code (UCC).
Verified Answer
HC
Haley CollinsMay 21, 2024
Final Answer :
Modern commercial transactions are carried out by using preprinted form contracts.Offerors use standard order forms prepared by their lawyers,and offerees use standard acceptance or acknowledgment forms drafted by their counsel.Very often,these forms will disagree in some details.Under such circumstances,if a dispute arose before the parties started to perform,a court strictly applying the mirror image rule would hold that no contract resulted because the offer and acceptance forms did not match exactly.
Learning Objectives
- Distinguish between the concept of acceptance under common law, known as the mirror image rule, and acceptance as understood within the Uniform Commercial Code (UCC).