Under the Mirror Image Rule, an Offer Must Be Accepted

question 54

True/False

Under the mirror image rule, an offer must be accepted in its entirety without modi?fication or reservation or else no contract can be formed.

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Definitions:

Ethical Standards

Principles that govern the behavior of individuals and organizations, guiding conduct in a manner considered acceptable and right by societal or professional norms.

Competence

The ability to do something successfully or efficiently, often requiring specific knowledge, skills, or qualifications.

Objectivity

The principle of evaluating and presenting information in an unbiased manner, based on observable phenomena and facts, especially important in financial reporting and analysis.

Vision

A statement or idea about the future direction or objectives of an organization or individual.