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Mr.White sends his acceptance for a business contract to Mr.Green.But Mr.White put insufficient postage on the envelope.One day later,Mr.Green revokes the offer through the mail.Mr.White,upon receipt of the undelivered acceptance,overnighted the acceptance letter to Mr.Green.The overnighted acceptance letter reaches Mr.Green before the revocation letter reached Mr.White.If a court finds that the UCC rule applies,a valid acceptance occurred and a contract was created between Mr.White and Mr.Green.
Niche Market
A specific, defined segment of the market that is targeted by a business, characterized by its unique needs, preferences, or identity.
Social Network
A digital platform that connects individuals, allowing them to share information, interests, and form virtual communities.
Standards Of Behavior
Standards of behavior refer to established norms and rules governing the conduct of individuals within a society, organization, or community.
Virtual Communities
Groups of individuals who interact and share common interests or goals through the internet, without the need for physical presence.
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