Asked by

Bella Johnson
on Nov 10, 2024

verifed

Verified

Four days ago, Pete was reading the newspaper and saw the following: "Best offer in town! Zenith XX Laser Printer - $400! When he went to the store this afternoon and said he wanted one, they replied that they didn't have any left, nor could they get one. On these facts, which of the following is true?

A) Pete could sue them for breach of contract because he was accepting the offer in the newspaper.
B) The store had revoked the offer before he tried to accept.
C) The offer by the store had lapsed before he tried to accept.
D) The wording in the newspaper was merely an invitation to the public to do business, and no contract was formed.
E) Pete could sue for breach of an option contract.

Invitation To Treat

An invitation to engage in the bargaining process.

Breach Of Contract

The failure to perform as explicitly stated or implied within the terms of a contractual agreement.

Option Contract

A contract granting one party the right, but not the obligation, to buy or sell a good or asset at a predetermined price within a specific time frame.

  • Differentiate between offers and invitations to treat.
verifed

Verified Answer

AP
aditya phulsundarNov 13, 2024
Final Answer:
Get Full Answer