Acceptance Flashcards
1
Q
Under the mailbox rule when is an acceptance effective?
A
By accepting using the same means as the offer was transmitted
2
Q
How can an offeror remove the mailbox rule?
A
By stating that acceptance is effective only when received
3
Q
When acceptance is sent by a method other than how the original offer was sent
A
Acceptance is valid only when received.
4
Q
A late acceptance
A
constitutes a counteroffer
5
Q
A Unilateral offer exists
A
when the actions by the offeree constitutes acceptance
