He mailbox rule generally makes acceptance of an offer effective at the time the acceptance is dispatched. The mailbox rule does not apply if

A) Both the offeror and offeree are merchants

B) The offer expressly provides that an acceptance not take eflect until it is actually received

C) The offer proposes a real estate contract

D) The offer is not open for more than 90 days.

Question

Business

Guest

18 September, 06:29

He mailbox rule generally makes acceptance of an offer effective at the time the acceptance is dispatched. The mailbox rule does not apply if

A) Both the offeror and offeree are merchants

B) The offer expressly provides that an acceptance not take eflect until it is actually received

C) The offer proposes a real estate contract

D) The offer is not open for more than 90 days.

+3

Answers (1)

Know the Answer?

Simone Holden · Answer 1

Answer is option B, i. e. the offer expressly provides that an acceptance not take effect until it is actually received.

Explanation:

Mailbox rule is which is also referred to as the posting rule, is a default rule under the contract law, according to which the offer through mail is considered accepted only when the acceptance is communicated. Also, mailbox rule is applicable to the bilateral contracts but not to the option contracts.