Contracts
Indiana uses the 'mailbox rule' for contract acceptance, which provides that acceptance is effective when:
AThe offeror actually receives the acceptance
BThe acceptance is properly dispatched (e.g., mailed) by the offeree, even before the offeror receives it✓ Correct
CBoth parties are in the same location
DThe acceptance is witnessed
Explanation
Under the traditional mailbox rule, acceptance is effective when properly dispatched by the offeree (placed in the mail or sent). Modern real estate contracts often specify when acceptance is effective — including electronic delivery — potentially modifying this rule.
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