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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 be valid, acceptance must match the terms of the offer. For example, if a farmer offers to sell a thousand red apples with delivery by truck, and the businessman agrees but requests delivery by train, the acceptance does not match the offer. Consequently, the mirror image rule indicates that the businessman has rejected the farmer's initial offer and has made a counteroffer for train delivery. The farmer then has the option to either decline the counteroffer, resulting in no contract, or accept it, which obligates him to fulfill the new delivery terms.
