Define the "mailbox rule" and how it afects the formation of a contract.

Question $14$Answer

a$.$

The mailbox rule is a rule that requires contracts to be sent by mail; it makes contracts enforceable.

b$.$

The mailbox rule is a rule that applies to oral contracts; it ensures prompt acceptance.

c$.$

The mailbox rule is a rule that states acceptance is effective when sent, not when received; it facilitates contract formation.

d$.$

The mailbox rule is a rule that requires contracts to be signed; it enhances contract validity.