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Hide Image from the Accounting Contract

Hide Image from the Accounting Contract

Aug 6th, 2022

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How to Hide Image from the Accounting Contract

4.9 out of 5

17 votes

This video discusses the common-law mirror image rule for contracts, which stipulates that acceptance must match the offer exactly for a contract to be formed. For instance, if a farmer offers to sell a thousand red apples with delivery by truck, and the businessman responds by agreeing but requesting delivery by train, the acceptance does not mirror the original offer. This means the businessman has rejected the farmer's offer and instead made a counteroffer. Consequently, the farmer can either choose not to deliver the apples due to the absence of a contract or accept the counteroffer, in which case he is obligated to ship the apples as per the new terms.

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