Examlex
Which of the following means that bankruptcy relief is ordered and that the bankruptcy proceedings can continue?
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly with no modifications for a valid contract to be formed.
Offeror
The party making the offer.
Accepted
Acknowledged or agreed upon; typically refers to an agreement or proposal that has been agreed to by all parties involved.
Mailbox Rule
A rule providing that an acceptance of an offer takes effect at the time it is communicated via the mode expressly or impliedly authorized by the offeror, rather than at the time it is actually received by the offeror. If acceptance is to be by mail, for example, it becomes effective the moment it is placed in the mailbox.
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