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In this video, the modification of the common law mirror image rule by the Uniform Commercial Code (UCC) is introduced. The mirror image rule stipulates that for a contract to exist, the offer and acceptance must be identical. Under the UCC, different rules apply. For example, if a farmer offers 100 apples for $100 with specific payment and delivery terms, and a businessman accepts these terms but adds a two-day return policy, the acceptance does not mirror the offer exactly. Under common law, this could mean no contract exists due to the discrepancy. However, the UCC allows for additional terms in the acceptance, facilitating contract formation despite variations.
