The Mailbox Rule and Contract Law

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

An offer is considered to be valid when

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1. The mailbox rule applies to which of the following?

2. If an acceptance of an offer is lost in the mail, the contract will ultimately be

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About This Quiz & Worksheet

The mailbox rule is an important concept to be familiar with in business law, and this quiz/worksheet will help you assess your understanding of its applications and implications.

Quiz & Worksheet Goals

In these assessments, you'll be tested on several aspects of the mailbox rule, including:

  • The implications of the mailbox rule on the validity of an offer
  • What the mailbox rule applies to
  • The implications of the mailbox rule on an offer lost in the mail
  • Withdrawal letters

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Interpreting information - verify that you can read information regarding the significance of the mailbox rule and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the lesson on the implications of the mailbox rule on contracts
  • Information recall - access the knowledge you've gained regarding the applications of the mailbox rule and using the mail for offers and acceptances

Additional Learning

To learn more about the applications of the mailbox rule in business law, review the accompanying lesson titled The Mailbox Rule and Contract Law. This lesson covers the following objectives:

  • Understand the law of the mailbox rule
  • Know the elements that must be present for an offer to be valid
  • Define offer and acceptance in business
  • Familiarize yourself with the application of the mailbox rule
  • Identify examples of the mailbox rule in different business contexts
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