BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an acceptance which has not changed the terms of the original offer in any way.
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limited acceptance to the terms in an original offer.
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the ability to add new terms to a contract without an attorney present.
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a counteroffer made to the original offeror.
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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 one’s own offer.
Detailed explanation-2: -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-3: -The mirror-image rule says that terms of an acceptance can slightly be changed in order to benefit both parties. All parties to a contract must sign the writing in order for the statute of frauds to be satisfied. Judicial review is explicitly laid out in the Constitution.
Detailed explanation-4: -A mirror image rule is just a principle of contract law that states that in order for an offer to be accepted, the offeree must do so explicitly, unequivocally, and without any alterations. Whenever the “mirror image rule” is applicable, a contract comes into existence.