mailbox rule

Also found in: Legal, Wikipedia

0.01 sec.

mailbox rule

A rule of contract law that says if an offer is made in such a manner that it would be reasonable to assume that another person would accept the offer by placing a letter or other writing in the mail, then acceptance is deemed to have occurred when the writing was placed in the mail,not when it was received by the person making the offer.For example,this is important when a property owner offers,in writing,to sell a particular property for a specified sum.The potential purchaser decides to accept the offer and mail the acceptance to the owner.Before the owner receives the letter, but after it is mailed, the owner decides to withdraw the offer and takes the property off the market or increases the price.In this example,the owner cannot do so because the purchaser has already accepted the offer; it cannot be withdrawn. There is now a contract; there is no longer an offer capable of revocation.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
offer			After researching the relevant case law, we were able to successfully argue that the mailbox rule should not apply in a situation where the plaintiff claimed to have used certified mail with return receipts available. Legal maneuvers: trial attorneys' unique vantage point makes them a ... by Miller, Matthew S. / Best's Review The court went on to argue that even if the direct evidence of the mailings was insufficient, the common-law mailbox rule allowed a presumption that they were timely received. Common-law mailbox rule reopened by Friske, Karyn Bybee; Pulliam, Darlene / Journal of Accountancy With a late tax return showing a tax underpayment, the mailbox rule is inapplicable. Better late than never. (TaxFiling) by McBride, Gary / California CPA			Macro Country Risks Macroassessment Macroeconomia Macroeconomics MACRS MAD Mad Hatter Made-to-Measure Tariff Madison Avenue Madrid Stock Exchange MAF Mag Mag Track Maggie Mae Maghreb Permanent Consultative Committee Maghreb States Magic of diversification Magnata magnet store Magnuson-Moss Warranty Act Magnusson-Moss Act MAI maid's quarters Mail Delay Mail Float mailbox rule Mailer's Technical Advisory Committee Mailing Date Mailroom Main d'oeuvre non qualifiee Main en tierce Main Home maintenance Maintenance and Replacement Call Maintenance Bond Maintenance Call maintenance fee Maintenance Margin Maintenance Margin Requirement Mais-valia Major Bracket Major Currency Major Market Index Major Turn majority Majority Shareholder Majority Stake Majority Stockholder majority voting majority-owned subsidiary Make a Market			Mail-shell Mail-van Mail-van Mail.google.com Mail.google.com/ MAILA mailability mailability mailability mailability mailable mailable mailable mailable Mailanchi Mailanchi mailbag mailbags Mailbo Mailbo mailboat Mailboat Records mailboats Mailbomb Mailbomb mailbot mailbox mailbox Mailbox (computing) mailbox name mailbox rule Mailbox-To-Mailbox Mailbox/Mail List Information mailboxes mailboxes Mailboxing Mailboxing Mailclad mailcoach MAILDISTCH maildrop Maile mailed mailed mailed mailed mailed mailed fist MailEnable List Connector Service mailer mailer Mailer Daemon Mailer Technical Advisory Committee Mailer's Address Quality Support System Mailer's Postmark Permit Mailer's Postmark Permit Club Mailer's Precancel Postmark Mailer's Technical Advisory Committee Mailer's Technical Advisory Committee Mailer, Norman Mailer, Norman

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.