Offer & Acceptance Nuances

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4 Terms

1
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Advertisements and Flyers

Invitations to for you to come and make an offer

2
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Silence as Acceptance

Silence does not mean agreement, especially when the offeree has received nothing of value in exchange

3
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Mailbox Rule

Acceptance generally takes effect when the offeree sends the acceptance

4
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Revocation of Offer

Effective when received