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In this video, the common-law mirror image rule for contracts is explained. The rule states that acceptance of an offer must mirror the terms of the original offer for a valid contract to exist. For example, if a farmer offers to sell a thousand red apples with delivery by truck the next day, but the businessman responds by requesting delivery by train, the acceptance does not match the offer. Consequently, the businessman does not accept the farmer's original offer but instead makes a counteroffer. The farmer then faces a decision: he can either reject the counteroffer, resulting in no contract, or accept it, which would obligate him to deliver the apples by train.
