Editing Contracts/Mailbox rule
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The '''mailbox rule''', 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 [[offer and acceptance|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).<ref>The post office will be the universal service provider, such as the United States Postal Service or the Royal Mail</ref> 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 '''mailbox rule''', 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 [[offer and acceptance|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).<ref>The post office will be the universal service provider, such as the United States Postal Service or the Royal Mail</ref> 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. | ||