Contracts
In Oregon, the 'mailbox rule' provides that acceptance of a contract offer is effective:
AWhen the accepting party signs the document
BWhen the acceptance is properly dispatched (placed in the mail or sent electronically), not when received✓ Correct
COnly when confirmed verbally by phone
DOnly when the offeror reads the acceptance
Explanation
The common law 'mailbox rule' (also called the deposited acceptance rule) states that acceptance is effective upon proper dispatch — placing in the mail or equivalent — not upon receipt by the offeror. However, Oregon standard real estate forms often specify when offers and acceptances are 'effective,' so agents must check the specific contractual terms rather than relying solely on common law.
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