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This video discusses the common-law mirror image rule for contracts, which states that acceptance must match the offer's terms exactly for a contract to exist. For instance, if a farmer offers to sell a thousand red apples with delivery by truck the next day, and the businessman responds by agreeing but requests delivery by train, the businessman has made a counteroffer. This means he has rejected the original offer. According to the mirror image rule, no contract exists unless the terms are the same. The farmer can choose not to deliver the apples due to the lack of a contract or accept the counteroffer and fulfill the new terms.
