A bank advertises home loans at low interest rates

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A bank advertises home loans at low interest rates for its account holders for three months. Toward the end of the second month the bank withdraws the offer. Sam opens an account with the bank for the reason that of the offer. He is nevertheless a little late applying for the loan and the offer is withdrawn beforehand his application is processed. Sam sues the bank.

Examine the case and assess the bank's obligation and Sam's claim. Make a choice in the case giving reasons.

Reference no: EM1379433

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