If an Offeree First Dispatches a Rejection and Then Sends

question 81

True/False

If an offeree first dispatches a rejection and then sends an acceptance,the mailbox rule applies to the acceptance.

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Definitions:

Gratuitous Promise

A pledge or promise made without expecting anything in return, often lacking legal enforceability.

Reasonable Price

refers to a price that is fair and sensible in the context of the market value of a good or service, taking into consideration factors like cost, demand, and quality.

Breach Of Contract

The failure to perform as specified in a contract, without lawful excuse, by one or more of the parties involved.

Withdrawing Offer

The action of retracting a proposal or bid before it is accepted, rendering it void.