Offer and Acceptance Contract Law
The Mirror Image Rule is the requirement that the offeree must accept all of the offers original terms. OFFER AND ACCEPTANCE CONTRACT LAW NOTES. Offer And Acceptance Offer And Acceptance Law School Prep Studying Law Ad Follow Simple Instructions to Create a Legally Binding Agreement in 5-10 Minutes. . To form a contract there must be an offer made by one party which is in turn accepted by another party and then in most cases goods andor services must be exchanged between the two. By change in the law when the offer becomes impossible due to a change in law prior to acceptance thereby making it unlawful then the offer stands revoked. The acceptance must be communicated to the offeree. The terms of the acceptance must exactly match the terms of the offer. In the majority of cases for a contract to be legally binding it is required to be in writing and signed by all of the parties involved. An offer can be revoked before it i...