BIOL 2160 Chapter : The Endocrine System
Document Summary
Agreement: offer: serious outward/clear manifestation of intent, acceptance: by offeree in reasonable time and manner. Not offers: advertisement, speculative comments: what if i offer you , opinion, statement of future intent: i plan to sell , negotiations, an offer addressed to someone else. Acceptance rules: silence is not acceptance, mailbox rule of dispatch: acceptance becomes valid when it is sent (dispatched), not when it is received by the offeror, constructive receipt: fault of recipient. Example: acceptance comes in through fax but machine jams on the receiving end, still a binding contract. Example: secretary receives acceptance and loses it, still considered to be received whether you or your secretary got it: mirror image rule: offeree"s acceptance must the offeror"s offer exactly to be binding. *offer cannot be revoked because acceptance was sent beforehand and a binding contract is made (mail rule)
