What is the best definition of the mailbox rule?
A)Acceptance of an offer must be on precisely the same terms as the offer.
B)Users must agree to certain terms and conditions prior to using the product or service.
C)Acceptance of an offer is generally effective upon dispatch;terminations are effective when received.
D)Courts follow certain practices when parties to an agreement fail to make provisions for a particular matter.

Question

Quizplus · Accepted Answer

The mailbox rule is a principle of contract law that states that acceptance of an offer is generally effective upon dispatch or sending. This means that if a party sends an acceptance through mail, email, or any other means of communication, then the acceptance is effective even if the other party has not yet received it. However, terminations or revocations of offers are effective only when they are received. This rule is also sometimes referred to as the "postal acceptance rule."

What Is the Best Definition of the Mailbox Rule