BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -They are considered an invitation to begin negotiations. The reason for this is because if a contract was formed, no one could ever advertise without fear of being sued.
Detailed explanation-2: -Generally, advertisements are not offers but invitations to treat, so the person advertising is not compelled to sell.
Detailed explanation-3: -Advertisements Are Not Offers Generally, courts do not consider advertisements offers. Instead, they are an invitation to begin negotiations.
Detailed explanation-4: -Courts and scholars uniformly recite the contract law rule familiar to all first-year students: An advertisement is not an offer.
Detailed explanation-5: -An advertisement can either be an offer or an invitation to treat. However, it will be based on intention of parties.