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Contracts > Acceptance > Flashcards

Acceptance Flashcards

1
Q

Mailbox Rule

A

Under the mailbox rule, acceptance becomes effective when it is properly posted.

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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.

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Contracts (13 decks)

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