In this scenario, the legal concept that governs the acceptance of an offer via mail is known as the "Mailbox Rule." According to this rule:
1. When a buyer accepts an offer by mailing a response, the acceptance is considered valid.
2. A contract is formed at the moment the acceptance is mailed, not when it is received by the seller.
3. Even if the seller attempts to withdraw the offer after the acceptance has been mailed by the buyer, a contract is still considered to be in effect.
Based on the Mailbox Rule, the statement presented in the question is: True.
This legal principle ensures clarity and certainty in business transactions conducted through mail or similar means, as it establishes the moment at which an acceptance becomes legally binding, regardless of when it is received by the offeror.
