Posting Rule - American Case Law

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:

    I ask you to join in a re-United States. We need to empower our people so they can take more responsibility for their own lives in a world that is ever smaller, where everyone counts.... We need a new spirit of community, a sense that we are all in this together, or the American Dream will continue to wither. Our destiny is bound up with the destiny of every other American.
    Bill Clinton (b. 1946)

    What do you think of the human mind? I mean, in case you think there is a human mind.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    While the system of holding people in hostage is as old as the oldest war, a fresher note is introduced when a tyrannic state is at war with its own subjects and may hold any citizen in hostage with no law to restrain it.
    Vladimir Nabokov (1899–1977)