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Episode 07: Mirror, Mirror – When Does Acceptance Create a Contract?

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Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode of Mastering Contracts, we delve into the critical concept of acceptance and how it plays a key role in the formation of contracts. We explore the mirror image rule, which requires an acceptance to exactly match the terms of the offer for a valid contract to form. But what happens if the acceptance deviates even slightly from the offer? Does that create a contract or a counteroffer? Join us as we break down these distinctions and explain when an acceptance is valid, how counteroffers complicate negotiations, and the modern-day exceptions under the UCC Section 2-207, which impacts contracts involving the sale of goods.

  continue reading

53 episodes

Artwork
iconShare
 
Manage episode 442503540 series 3593781
Content provided by bizlawbreakdown. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by bizlawbreakdown or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode of Mastering Contracts, we delve into the critical concept of acceptance and how it plays a key role in the formation of contracts. We explore the mirror image rule, which requires an acceptance to exactly match the terms of the offer for a valid contract to form. But what happens if the acceptance deviates even slightly from the offer? Does that create a contract or a counteroffer? Join us as we break down these distinctions and explain when an acceptance is valid, how counteroffers complicate negotiations, and the modern-day exceptions under the UCC Section 2-207, which impacts contracts involving the sale of goods.

  continue reading

53 episodes

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