Identifies problems with consideration

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Reference no: EM132086392

1. The Mirror Image rule provides that:

The acceptance must mirror the offer. The acceptance cannot contain different terms than the offer.

When reciting the offer and acceptance, the offeror and offeree must look at each other in the mirror to be valid.

The acceptance is valid upon dispatch.

Consideration must be exchanged.

2. Which of the following identifies problems with consideration?

Preexisting duty rule

mutual mistake

Unilateral Contract

Acceptance by silence

Reference no: EM132086392

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