Posting Rule
The posting rule (or mailbox rule in the United States, also known as the "postal rule" or "deposited acceptance rule") is an exception to the general rule of contract law in common law countries that acceptance takes place when communicated. By contrast, the posting rule states that acceptance takes effect when a letter is posted (that is, dropped in a post box or handed to a postal worker).
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Famous quotes containing the words posting and/or rule:
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