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In this video, the common-law mirror image rule for contracts is explained. The rule states that for a contract to exist, the acceptance must match the terms of the offer exactly. For example, if a farmer offers to sell a thousand red apples with delivery by truck the next day, and the businessman agrees but requests delivery by train, the acceptance does not match the offer. Consequently, the businessman hasn't accepted the farmer's offer; instead, he has made a counteroffer. According to the mirror image rule, there is no contract unless the original offer is accepted as is. The farmer can either reject the counteroffer or accept it, which would obligate him to deliver the apples by train.
