What Is The Mailbox Rule In Contract Law? - CountyOffice.org
Автор: County Office Law
Загружено: 2024-08-02
Просмотров: 364
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What Is The Mailbox Rule In Contract Law? In this enlightening video, we delve into the intriguing topic of the mailbox rule in contract law. Discover the intricacies of this legal principle that governs the timing of acceptance of offers. Unravel the concept that acceptance is effective when sent, not when received, and understand its implications on contract formation.
Explore how the mailbox rule applies to written communications and its significance in determining when a contract becomes binding. Learn about the exceptions to this rule, such as instant messaging and emails, where acceptance is effective upon receipt.
Find out how the mailbox rule can be overridden if a specific method of acceptance is stipulated in the offer. Gain valuable insights into the importance of understanding this rule in contract negotiations to ascertain when parties are legally bound by a contract.
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