How would you describe the mirror image rule?
Regarding this, what is the mirror image rule in business?
The mirror image rule refers to a contract law principle that the acceptance must match the offer to form a contract. If he does not so object, the terms of the contract are the terms of the offer with the modifications contained in the acceptance.
Additionally, why is the mirror image rule important?
The mirror image rule is an established principle stating that for a contract to be valid and legally enforceable, the acceptance of the offer must exactly match the offer that is given. If someone makes an offer and accepts these terms, the sale closes, and all is well.
Mirror Image Rule. -Unconditional acceptance of the contract as is, or the mirror image of the terms and conditions provided in the original offer. offeree must accept the offer as presented by offeror. Capacity. ability to perform the contract.