Mailbox Rule
From the Latin English common law term; not Latin-derived..
An offer is accepted the moment the acceptance is mailed, not when received.
Plain English
The mailbox rule is an old contract law principle that says an acceptance becomes effective as soon as it's sent (mailed, emailed, etc.), not when the other party actually receives it. This matters because if the acceptance is lost in the mail, it still counts as a valid acceptance. The rule protects the person accepting an offer from the risk that their response gets lost. However, the rule doesn't apply to rejections or revocations, which only take effect when received.
Example
A seller emails an offer to sell a car for $10,000, valid for 48 hours. The buyer prints out the acceptance email and mails it back the same day. Even if the mail is delayed and doesn't arrive until day three, the acceptance is valid because it was mailed on day one, before the offer expired.
Used in a sentence
“Under the mailbox rule, the contract was formed when the buyer's acceptance letter was posted, even though the seller didn't receive it for a week.”
Related terms
This page is a plain-English reference and is not legal advice. Laws vary by jurisdiction and change over time. For specific situations consult a licensed attorney.