Asked by
COLTON SMITH
on Dec 18, 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. If Giardetti had placed a notice on his shop door on May 9th which read: "Sale cancelled," his notice would revoke the offer made in the newspaper on May 5th.
Revocation
The act of officially withdrawing, cancelling, or annulling something, such as a legal document, license, or agreement.
First-Come
A policy or principle where services, goods, or opportunities are provided to individuals or entities in the order that they arrive or request them.
Advertisement
An announcement or advertisement for a product, service, or event disseminated through multiple media outlets.
- Understand the concept of offers, including what constitutes an offer and how it can be revoked.
- Analyze the impact of advertisements on contractual obligations.
Verified Answer
JA
Learning Objectives
- Understand the concept of offers, including what constitutes an offer and how it can be revoked.
- Analyze the impact of advertisements on contractual obligations.