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Editing Contracts/Mailbox rule
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==Option Contracts== | ==Option Contracts== | ||
In the United States, the majority rule is that the mailbox rule does not apply to [[ | In the United States, the majority rule is that the mailbox rule does not apply to [[option contracts]]. By default, an option contract is accepted when the offeror receives the acceptance, and not when the offeree mails it. However, because the [[California Civil Code]] applies the mailbox rule to all contracts, California follows the minority rule, under which the mailbox rule also applies to [[option contract]]s.<ref>''[[Palo Alto Town & Country Village, Inc. v. BBTC Company]]'', 11 Cal. 3d 494, 113 Cal. Rptr. 705, 521 P.2d 1097 (1974).</ref> | ||
==See also== | ==See also== |