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: -Generally, courts do not consider advertisements offers. Instead, they are an invitation to begin negotiations.
Detailed explanation-2: -Courts and scholars uniformly recite the contract law rule familiar to all first-year students: An advertisement is not an offer.
Detailed explanation-3: -While offers can come in many forms, an advertisement is usually not considered an offer to enter into a contract. Announcements, brochures, and catalogs also do not reach the level of an offer.
Detailed explanation-4: -In most scenarios, an advertisement is not considered an offer. 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-5: -Advertisements are typically an invitation to treat because they lack the important information that would make it an offer. There are circumstances where an advertisement would be an offer.