Contracts
The mailbox rule states that an acceptance of an offer is effective:
AWhen the offeror receives the acceptance
BWhen the acceptance is properly dispatched (mailed or sent)✓ Correct
COnly when both parties sign a written confirmation
DAt midnight on the day the offer was made
Explanation
Under the traditional mailbox rule, acceptance of an offer is effective when it is properly dispatched by the offeree, not when received by the offeror.
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