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Why does it matter? If you are sending it in, then you have accepted their offer and the odds of them rescinding the offer before they receive your email, phone call, and/or written acceptance is slim to none. If you are planning to pull out of the obligation it is again irrelevant since whether you let them know after you've sent in an acceptance, for some reason, or after they receive it, they will still, ultimately, receive it, and know that you've accepted and then flip flopped.

Technically speaking, the offer should be valid once you receive it. It is then up to you to accept or reject it. Whether you accept it or not, the offer is still valid once you've received confirmation - whether an email, or a letter. A phone call is valid, but since there is no written proof it becomes difficult to prove it and so forth, but we're getting way off topic at this point.

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