American Case Law
In the United States, the majority rule is that the mailbox rule does not apply to option contracts. By default, an option contract is accepted when the offeror receives the acceptance, not when the offeree mails it. However, because the California Civil Code applies the mailbox rule to all contracts, California follows the minority rule, under which the mailbox rule also applies to option contracts.
Read more about this topic: Posting Rule
Famous quotes containing the words american, case and/or law:
“This is D.J., Disc Jockey to American turning off. Vietnam, hot dam.”
—Norman Mailer (b. 1923)
“Massachusetts sat waiting Mr. Loring’s decision.... It was really the trial of Massachusetts. Every moment that she hesitated to set this man free, every moment that she now hesitates to atone for her crime, she is convicted. The commissioner on her case is God; not Edward G. God, but simply God.”
—Henry David Thoreau (1817–1862)
“These, having not the law, are a law unto themselves.”
—Bible: New Testament St. Paul, in Romans, 2:14.