1
Q
Mailbox Rule
A
Under the mailbox rule, acceptance becomes effective when it is properly posted.
2
Q
Mailbox Rule/Option
A
The mailbox rule does not apply to option contracts. For option contracts, acceptance is only effective when received by the offeror.
Contracts
flashcards
Decks in class (13)
# Cards
-
Contract Basics1
-
Offer12
-
Acceptance2
-
Consideration6
-
Defenses to Contract Formation4
-
Defenses Based on Lack of Capacity1
-
Defenses to Enforcement2
-
Determining Contract Terms2
-
Performance Issues in Common Law Contracts0
-
Excuses for NonPerformance9
-
Changes to Contract Obligations0
-
Third Party Issues4
-
Remedies0
