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Business Law exam 2

Question:

–Acceptance-upon-dispatch rule. –Acceptance is effective when dispatched, even if it is lost in transmission. •Potential for confusion. Wise offeror may state in offer that acceptance effective upon receipt. –If offeree first dispatches a rejection and then sends acceptance, mailbox rule does not apply.

Answer:

mailbox rule
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Last update by chadcozean on 06/21/2011
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Business Law exam 2
Business Law exam 2
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Question: –Acceptance-upon-dispatch rule. –Acceptance is effective when dispatched, even if it is lost in transmission. •Potential for confusion. Wise offeror may state in offer that acceptance effective upon receipt. –If offeree first dispatches a rejection and then sends acceptance, mailbox rule does not apply.
Answer: mailbox rule