Bernie and Phil’s Great American Surplus store placed an ad in the Sunday
Times stating, "Next Saturday at 8:00 A.M. sharp, 3 brand new mink coats
worth $5,000 each will be sold for $500 each! First come, First served." Marsha
Lufklin was first in line when the store opened and went directly to the coat
department, but the coats identified in the ad were not available for sale. She
identified herself to the manager and pointed out that she was first in line in
conformity with the store’s advertised offer and that she was ready to pay the
$500 price set forth in the store’s offer. The manager responded that a
newspaper ad is just an invitation to negotiate and that the store decided to
withdraw "the mink coat promotion." Review the text on unilateral contracts in
Section 12(b) of Chapter 12. Decide.
Answers
Given :-
Bernie and Phil’s Great American Surplus store placed an ad in the Sunday
Times stating, "Next Saturday at 8:00 A.M. sharp, 3 brand new mink coats
worth $5,000 each will be sold for $500 each! First come, First served." Marsha
Lufklin was first in line when the store opened and went directly to the coat
department, but the coats identified in the ad were not available for sale. She
identified herself to the manager and pointed out that she was first in line in
conformity with the store’s advertised offer and that she was ready to pay the
$500 price set forth in the store’s offer. The manager responded that
a)
newspaper ad is just an invitation to negotiate and that the store decided to
withdraw "the mink coat promotion." Review the text on unilateral contracts in
Section 12
(b) of Chapter 12. Decide.
To find :-
a)
newspaper ad is just an invitation to negotiate and that the store decided to
withdraw "the mink coat promotion." Review the text on unilateral contracts in
Section 12
(b) of Chapter 12. Decide.
Solution:-
a) False. N doesn’t necessarily have to accept by mail. Unless there is a specifically stated method of acceptance he can communicate his acceptance or refuse of offer through mail, email, or fax.
b) False. N had accepted the offer before A revoked it. All N had to do was to make an intent of acceptance, he did his duty to accept the offer it was the telegraph company that made the error.
True. Once, the offer is accepted A is liable for it even if it wasn’t informed N had accepted .
Answer:-
While making an offer, the offeror indirectly extends a promise to do something when the offeree does what the offeror requests. Such contracts can be Bilateral or Unilateral.
While making an offer, the offeror indirectly extends a promise to do something when the offeree does what the offeror requests. Such contracts can be Bilateral or Unilateral.Unilateral Contracts include those offers where the offeror may promise to do something when the offeree fulfills the offeror’s request. Only the offeror extends a promise in unilateral contracts.