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Mailbox Rule
The mailbox rule is a legal principle that an offer is considered accepted once the acceptance is properly placed in the mail, even if it is lost or delayed.
Effective Upon Dispatch
Effective upon dispatch refers to the principle that certain actions, such as the sending of a notification or document, are considered effective from the moment they are sent, not when they are received.
Reasonable Expectation
refers to what an average person might foresee or predict as a likely outcome under certain circumstances, often used as a standard in legal and ethical considerations.
Revocation
The official cancellation or withdrawal of an offer, license, right, or privilege.
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