Does this advertisement constitute a binding offer

Assignment Help Business Law and Ethics

Reference no: EM133725133

Problem

Hot Coffee (a fictional Florida corporation) sends out a flyer to all of the homes in the local neighborhood with the following: "Show up before 9:00 am on January 15th and we will give you the best deal on our collector's edition coffee mugs!" John Doe shows up to Hot Coffee at 8:45am and demands to purchase a collector's edition coffee mug for $2.00. The staff at Hot Coffee informed Mr. Doe that the price for the collector's edition coffee mugs is $2.50. Mr. John Doe thought this was a breach of contract and that he was entitled to purchase the mug for $2.00 based on their advertisement. Address the following: Does this advertisement constitute a binding offer? Did Hot Coffee breach a contract with Mr. John Doe? Why or why not? Include relevant concepts and/or case law from your reading.

Reference no: EM133725133

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