ASAP! pls help me with these questions 1. Which of the following could be justifications for the mailbox rule.
A) The offeror should not be bound until he is aware the offer has been accepted.
B) The mailbox rule sets the default against the offeror because the offeror is master of the offer and empowered to alter it.
C) None.
D) Requiring more confirmation is a waste of social resources.

2. Which of the following methods is valid acceptance?
A) A mailed letter indicating acceptance of an option contract. The acceptance letter was lost in the mail.
B) A mailed letter indicating acceptance of a telegram marked “Highly urgent, response required immediately.”
C) None.
D) A mailed letter indicating acceptance of an offer letter. The acceptance letter was lost in the mail.

Tom mails John an offer to rebuild John’s garage. John receives Tom’s offer and sends a counteroffer by mail. A few hours after dropping the counteroffer in the mailbox John decides to accept Tom’s offer. Tom writes a new letter to accept the initial offer and drops it in the mailbox. Can Tom’s acceptance letter be valid?
A) Yes, Tom’s acceptance will be valid if John receives the acceptance before the counteroffer.
B) No, a counteroffer terminates the power of acceptance when it is sent by mail.
C) Yes, the mailbox rule means that Tom’s acceptance took place when he mailed it to John.

The posting rule (or mailbox rule in the United States, also known as the "postal rule" or "deposited acceptance rule") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted (that is, dropped in a post box or handed to a postal worker). In plain English, the "meeting of the minds" necessary to contract formation occurs at the exact moment word of acceptance is sent via post by the person accepting it, rather than when that acceptance is received by the person who offered the contract.

The rules of contracts by post (postal rules) include the following:

An offer made by post/letter is not effective until received by the offeree.

Acceptance is effective as soon as it is posted.

For revocation to be effective, it must be received by the offeree before they post their letter of acceptance.

One rationale given for the rule is that the offeror nominates the post office as his or her implied agent, and thus receipt of the acceptance by the post office is regarded as receipt by the offeror. The main effect of the posting rule is that the risk of acceptance being delivered late or lost in the post is placed upon the offeror. If the offeror is reluctant to accept this risk, he can always expressly require actual receipt as a condition before being legally bound by his offer.

HOPE IT HELPS U

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