BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
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Mirror
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Mirror Image Rule
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Bilateral
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Detailed explanation-1: -In the law of contracts, the mirror image rule, also referred to as an unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. The offeror is the master of their own offer.
Detailed explanation-2: -Mirror Image Rule – The mirror image rule requires that the terms in the acceptance must exactly match the terms contained in the offer.
Detailed explanation-3: -This rule states that the acceptance of an offer must be exactly as demanded by the offeror. That is, the acceptance must mirror the offer. If the offeree adds new terms to the acceptance, it is not really an acceptance. Acceptance with different or additional terms constitutes a counteroffer.
Detailed explanation-4: -The mirror image rule says that the terms of the acceptance must mirror the terms of the offer.
Detailed explanation-5: -The meaning of offer and acceptance is the basis of a contract. To form a contract, there must be an offer made by one party which is, in turn, accepted by another party, and then, in most cases goods and/or services must be exchanged between the two.