What happens if offeree sends his valid acceptance in the mail but then sends a valid revocation the very next day? I think that whichever one arrives first counts, but I am not sure.
Um.. This was was first semester contracts for me, but under the mailbox rule, isn't an acceptance considered "good" once the mail has been sent (that is, it doesn't need to reach the offeror before it becomes effective)?If that is the case, then once the offeree has sent the acceptance, a contract has formed. Depending on the terms of the contract, the offeree isn't usually allowed to revoke his acceptance. In general, you can't "revoke" an acceptance. At least, that's my understanding. I don't think it has anything to do with whichever arrives first.
Plainly stated. the MAILBOX RULE states that whatever is SENT first is what is valid.
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