Asked by Nimisha Shivaprasad on Jul 08, 2024
Verified
Aron ordered an truck bed toolbox for $249.99. Before it was delivered, the same store from which he ordered the toolbox ran an ad in the paper for the same toolbox at $179.99. Aron called the store and demanded the advertised price. If the store says "okay":
A) Aron must pay $179.99.
B) Aron must pay $249.99.
C) there is no contract.
D) there is a contract for the reasonable value of the toolbox .
Advertised Price
The price of a product or service that has been publicly communicated to potential buyers through various marketing channels.
Reasonable Value
A fair market price or level of compensation that would be deemed equitable under normal circumstances.
- Analyze contract modifications and the requirement of additional consideration for enforceability.
Verified Answer
CT
Camila TrimminoJul 08, 2024
Final Answer :
A
Explanation :
If the store agrees to Aron's demand for the advertised price, then a contract is formed at the new agreed price of $179.99.
Learning Objectives
- Analyze contract modifications and the requirement of additional consideration for enforceability.
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