Asked by Christie Stephenie on Jul 27, 2024
Verified
Giardetti, a retailer, placed an advertisement in a local newspaper on May 5th that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10th at a sale price of $100 each. Regular price $199. First come, first served!" Don was the 10th customer in the store on May 10th, but Giardetti refused to sell him a TV set for $100. Giardetti's advertisement was a valid offer to sell, which Don accepted by being one of the first 10 customers at the store on May 10th, and verbally accepting the offer.
Valid Offer
A proposal made by one party to another with terms clear enough to create a legally binding contract if accepted.
Advertisement
A public promotion of a product, service, or event through various forms of media.
- Gain insight into the core concepts of offer and acceptance within contractual agreement formation.
- Discern the conditions that delineate an advertisement as an offer versus an invitation to treat.
Verified Answer
OE
Olivia EvansJul 29, 2024
Final Answer :
True
Explanation :
Giardetti's advertisement was specific in terms of the item, price, quantity, and time, making it a clear offer that Don accepted by meeting the specified conditions, thus forming a contract.
Learning Objectives
- Gain insight into the core concepts of offer and acceptance within contractual agreement formation.
- Discern the conditions that delineate an advertisement as an offer versus an invitation to treat.