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The video introduces how the Uniform Commercial Code modifies the common law mirror image rule. According to the common law mirror image rule, for a contract to exist, the offer and acceptance must be the same. However, under the UCC, different rules apply. For example, if a farmer offers to sell 100 apples for $100 with delivery by May 1st at 10:00 a.m., and the businessman accepts but adds an extra term for a return policy, the acceptance may still be valid under the UCC, even if it doesn't precisely mirror the offer.