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The video discusses the common-law mirror image rule for contracts, which states that acceptance must match the terms of the offer exactly for a contract to be valid. For example, if a farmer offers to sell 1,000 red apples for delivery by truck the next day, and a businessman agrees but requests delivery by train instead, the acceptance does not match the original offer. This means the businessman has rejected the farmer's offer and made a counteroffer. Consequently, the farmer faces a decision: he can either choose not to complete the transaction due to the lack of a contract or accept the counteroffer, which obligates him to deliver the apples by the requested method.