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In this video tutorial, the common-law mirror image rule for contracts is explained. This rule states that for a valid contract, the acceptance must match the terms of the offer exactly. For example, if a farmer offers to sell 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 match the offer. Consequently, the businessman has effectively rejected the original offer and made a counteroffer for train delivery. The farmer can choose either not to accept the counteroffer, thereby leaving no contract, or to accept it, which would obligate him to fulfill the order based on the new delivery terms.
