The rule that if the offer states that it must be accepted by mail, the acceptance becomes valid the moment it is deposited in the mail (even if it is never received by the offeror) is known as which of the following?

Question

Quizplus · Accepted Answer

The mailbox rule, also known as the postal rule, states that an acceptance is considered effective once it is dispatched by the offeree, provided that the communication is correctly addressed and the method of dispatch is either explicitly or implicitly approved by the offeror. This rule applies even if the acceptance is delayed, destroyed, or lost in transit, as long as the offeree has no reason to believe that the acceptance did not reach the offeror.

The Rule That If the Offer States That It Must