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In the law of contracts, the mirror image rule, also referred to as an unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. [1] The offeror is the master of their own offer.
A bilateral contract is created when there is an exchange of promises between at least two parties. [11] Under the mirror image rule, the terms of the final contract are those stated in the offer, that is, the first promise. The offeree must accept the offer as a whole without any variation, otherwise the acceptance will become invalid.
The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .
Common law contracts are accepted under a "mirror image" rule. [29] Under this rule, an acceptance must be an absolute and unqualified acceptance of all the terms of the offer. If there is any variation, even on an unimportant point, between the offer and the terms of its acceptance, there is no contract.
The doctrine of impracticability in the common law of contracts excuses performance of a duty, where the said duty has become unfeasibly difficult or expensive for the party who was to perform. Impracticability is similar in some respects to the doctrine of impossibility because it is triggered by the occurrence of a condition which prevents ...
Contract law; Formation; Capacity; Offer and acceptance; Meeting of the minds 2; Abstraction principle 4,5; Posting rule 1; Mirror image rule; Invitation to treat; Firm offer; Consideration 1,4; Implication-in-fact; Collateral contract; Defences; Misrepresentation; Mistake; Threats and unequal bargaining power; Illegality and public policy ...
Collateral Contracts (between the third party and one of the contracting parties) Trusts (the beneficiary of a trust may sue the trustee to carry out the contract) Land Law (restrictive covenants on land are imposed upon subsequent purchasers if the covenant benefits neighbouring land) Agency and the assignment of contractual rights are permitted.
Contract law; Formation; Capacity; Offer and acceptance; Meeting of the minds 2; Abstraction principle 4,5; Posting rule 1; Mirror image rule; Invitation to treat; Firm offer; Consideration 1,4; Implication-in-fact; Collateral contract; Defences; Misrepresentation; Mistake; Threats and unequal bargaining power; Illegality and public policy ...