Contracts
In New Mexico, which of the following is a TRUE statement about acceptance of an offer?
AAcceptance is effective when the offeror signs the contract
BAcceptance is effective when it is communicated to the offeror (mailbox rule or direct notice)✓ Correct
CAcceptance is only effective upon recording
DAcceptance is only effective if made in person
Explanation
Acceptance must be communicated to the offeror to be effective. Under the mailbox rule, acceptance is effective when mailed or sent (if the offeror authorized use of the mail).
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