Voluntary act ecpresses or implied by the offeree

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Voluntary act (ecpresses or implied) By the offeree  Shows assent (agreement)
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To the terms of the offer When does it Occur? Unequivocal Acceptance : the “Mirror Image” rule Silence as Acceptance: General Rule:  offeree should not be legally obligated to affirmatively reject an offer When Offeree Has Duty to Speak:  He takes benefit of service with opportunity to  reject Prior dealings with offeror Communication as Acceptance Bilateral Contract:  communication of acceptance in necessary because of mutual  exchange of promises. Not necessary if offer does not require Unilateral Contract:  acceptance is evident, notification not necessary Mode and Timeliness as Acceptance General Rule:  acceptance is timely if made before offer is terminated What is the Mailbox Rule? Mailbox-  acceptance is effective when offeree uses authorized means of acceptance.  If  U.S. Mail, acceptance upon dispatch.  Does not apply to instantaneous communications Timing– “E-Mailbox” Rules- Dispatched when leaves control of sender Received when enters recipient’s processing system (even if unaware) Exceptions to Mailbox Rule- If acceptance is not properly dispatched by the offeree
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If offeree specifies that acceptance will not be effective until it is received If acceptance is sent after rejection, whichever is received first given effect When is an Acceptance Effective? Authorized means of acceptance-  offer specifies (expressly or impliedly) how  acceptance should be made. No acceptance if authorized means is not used Substitute method of acceptance- Effective if the substitute serves the same purpose (Fed-Ex vs. UPS) Not effective on dispatch Effective when received by the Offeror Consideration What is Consideration? Legal Sufficient Value Promise Performance OR Forbearance Bargained-for-Exchange Must provide basis for the bargain Something of legal value (a promise or performance) must be exchanged between the  parties The promise must be either : Legally detrimental to the promise Legally beneficial to the promisor What Contracts May Lack Consideration? Preexisting Duty-  promise to do what one already has a legal duty to do does not constitute legally  sufficient consideration
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Ex. Reward for capturing criminal/pet within the conditions stated. Cop sees a criminal,  and pulls him over. Does he deserve the reward? NO, because that is his duty  There is a police officer, off duty.  Exceptions: Unforeseen Difficulties If behavior required is above and beyond your duty, then you may be entitled Rescission and New Contract Past Consideration-  No consideration because the bargained-for exchange is missing  Ex. Person passed out on Morton hill, you call 911, and the person gained 
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