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Information for "Contracts/Mailbox rule"
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| Display title | Contracts/Mailbox rule |
| Default sort key | Contracts/Mailbox rule |
| Page length (in bytes) | 20,944 |
| Page ID | 20882 |
| Page content language | en - English |
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| Page creator | en>BD2412 |
| Date of page creation | 10:58, June 8, 2005 |
| Latest editor | DeRien (talk | contribs) |
| Date of latest edit | 13:59, June 19, 2023 |
| Total number of edits | 186 |
| Total number of distinct authors | 110 |
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This attribute controls the content of the description and og:description elements. | The mailbox rule, also known as the "postal rule" or "deposited acceptance rule," is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted (that is, dropped in a post box or handed to a postal worker).[1] In plain English, the "meeting of the minds" necessary to contract formation occurs at the exact moment word of acceptance is sent via post by the person accepting it, rather than when that acceptance is received by the person who offered the contract. |
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