Mirror Image Rule Flashcards, test questions and answers

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What is Mirror Image Rule?

The Mirror Image Rule is a legal principle that states that an offer must be accepted exactly as it is made. This rule applies to contracts, negotiations and other situations where one party makes an offer to another and they must agree on the same terms in order for a contract or agreement to be made. The term mirror image refers to the idea that the acceptance should reflect the original offer exactly, with no alterations or amendments.The Mirror Image Rule was created by common law courts in order to ensure fairness between parties in a transaction. It prevents one party from taking advantage of another by inserting additional terms into an agreement without giving the other party time to review them. For example, if Party A makes an offer of sale for $100,000 and Party B responds with acceptance of $105,000, then there is no contract because Party B has altered the original offer. The Mirror Image Rule applies even if both parties had originally intended to negotiate different terms.In today’s business world, many contracts are exchanged electronically using platforms such as email or online document sharing services like Dropbox or Google Drive. In these cases, it’s important for both parties to understand how this rule applies when negotiating digitally as well as verbally. In addition, many modern software programs and applications incorporate automated tools that can help ensure compliance with this rule when entering into agreements online.