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First Principles of Business Law |
| Making a contract |
| 4. The third essential element of formation: Sufficient agreement |
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4.6. Offers to contract |
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Read the facts and the question and then choose the best answer. A, the owner of a music store, publishes an advertisement which says: 'Grand Sale - Imported CDs - Greatest Rap hits - All titles $20.' Is this advertisement an 'offer', capable of 'acceptance'?
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(a) Yes, an advertisement such is this is likely to be an 'offer' that can be accepted by a willing buyer. (b) No, an advertisement such is this is not likely to be an 'offer' that can be accepted by a willing buyer. |
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