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explain in detail how the mailbox rule works, whether there is a contract or not and why.

May 3, 2022
Christopher R. Teeple

Bill offers to sell Tom his 1965 Mustang Convertible for $45,000.00. It is pretty good condition and probably worth more then that. Bills letter offering to sell is dated April 15, 2022. Tom receives the offer on April 17th. After bill mails the offer to sell, he changes his mind and immediately sends off a letter revoking his offer to sell the vehicle as someone he knows offers him more money for the vehicle and he decides he’d rather do that. The revocation arrives at Tom’s also on April 17th. Tom really wants to purchase this car and has the money to do so. He immediately accepts the offer in writing and mails it on April 17th. It arrives at Bill’s house on April 20th. Please explain in detail how the mailbox rule works, whether there is a contract or not and why. Then find a case in some state where the issue involves the mailbox rule and summarize that case. Keep your turn it in score below 15% and cite to any outside sources (which is required).

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