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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 offer's terms exactly. For example, if a farmer offers 1,000 red apples with delivery by truck the next day at noon, and the businessman agrees but requests delivery by train, the acceptance does not mirror the offer. Consequently, the farmer's original offer is rejected, and a counteroffer is made by the businessman. The farmer then has the option to either not fulfill the order, as no contract is formed, or to accept the counteroffer, which would obligate him to deliver the apples by train.