Essentials of Business Law 7th Edition by Anthony Liuzzo

Exercise 2

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. acceptance
b. counteroffer
c. invitation to trade
d. lapse of time
e. mailbox rule
f. offeree
g. offeror
h. public offer
i. request for a proposal
j. revocation
A principle that states that an acceptance sent via the postal system or by courier is effective when sent.