BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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mirror image rule.
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matching acceptance rule.
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bilateral rule.
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unilateral rule.
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Detailed explanation-1: -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-2: -For an acceptance to be valid, it generally must be identical to the offer. [11] This is commonly referred to as the mirror image rule. If the acceptance is not a mirror image of the offer, it is considered a rejection and a counteroffer that can be accepted by the original offeror.
Detailed explanation-3: -The Agreement The first requirement of a valid and enforceable contract is that there must be an agreement. There must be at least two parties, but there’s no upper limit to the number of parties to a contract. An agreement requires two things-an offer and an acceptance.
Detailed explanation-4: -The mirror image rule says that the terms of the acceptance must mirror the terms of the offer.