The deposited acceptance rule is also known as the _____ rule.
A) mirror image
B) mailbox
C) unilateral
D) bilateral
E) negotiation

Question

Quizplus · Accepted Answer

Unless the offeror specifies a particular time, the acceptance usually binds the parties when the offeree dispatches it. Since the offeree frequently mails the acceptance, the acceptance becomes binding when it is "deposited." Hence the deposited acceptance rule is also called the mailbox rule. Since the offeree frequently mails the acceptance, the acceptance becomes binding when it is "deposited" with the postal service-hence the deposited acceptance rule, also called the mailbox rule.

The Deposited Acceptance Rule Is Also Known as the _____