Accepting an Offer

The video tutorial explains the differences in acceptance standards between the Uniform Commercial Code (UCC) and common law, focusing on the reasonableness of acceptance. It discusses the effectiveness of acceptance upon dispatch and contrasts it with revocation, which requires receipt. The tutorial further explores the distinctions between unilateral and bilateral contracts, highlighting how acceptance is achieved in each type. In unilateral contracts, acceptance occurs through performance, while in bilateral contracts, it is through the exchange of promises.

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