Take a look at the next step in contract formation: acceptance of the offer, meaning the offeree’s manifestation of intent to the terms of the offer, along with who may accept and the workings of the mailbox rule.
Today, you’ll be learning about the various aspects of acceptance.
First, we’ll discuss who has the power to accept an offer. Next, we’ll talk about when a response becomes an acceptance under the mailbox rule. After that, we’ll look at methods of acceptance. Finally, we’ll discuss what an acceptance should look like under the mirror image rule. By the end, you’ll have learned when, how, and by whom an acceptance may be given.
Let’s start by talking about who may give an acceptance....