What is the principle of law regarding valid offer

Assignment Help Operation Management
Reference no: EM132300584

Sanderson Mart ran an advertisement in the Daily Tribune that stated, "Special offer to our customers - 3/8 inch Electric Hand Drills, Saturday only - $14.99, only 100 in stock, while they last! Be there when we open for the bargain of the year!" Cruz arrived at the store at 8:00 a.m. when the store opened. The salesperson refused to sell him the drill, claiming that he had only two in stock and those were already set aside for another customer- and besides, the advertisement was not a binding offer.

1. What is the principle of law regarding a valid offer?

2. Explain whether Sanderson will be required to sell the electric drill for the advertised price.

Reference no: EM132300584

Questions Cloud

Which ethical theory or theories support your approach : Which ethical theory or theories support your approach? Why? Which domain (dispositions or law) does your response lean more closely toward? Why?
The future in brand management : The future of marketing I would not say is tied to anything. The future in brand management.
What do you think of ethics of two alternatives mentioned : What do you think of the ethics of the two alternatives mentioned to avoid state regulations: locating offshore or on a Native American reservation?
What are the community expectations for the school : What are the community expectations for the school? How does the community provide feedback and support the school?
What is the principle of law regarding valid offer : What is the principle of law regarding a valid offer?
Discuss how the technological convergence : Discuss how the technological convergence, the Internet, and global customer expectations have changed the task of the global marketer.
Successful in holding meyer personally responsible : Will the Holleys be successful in holding Meyer personally responsible?
Describe metacognition in your own words : Describe metacognition in your own words. What are some metacognitive skills that you utilize when learning something new? Why do you think it is important.
Based on moral consideration are generally enforceable : Contracts based on moral consideration are generally enforceable. Consideration in a contract is just the promises exchanged by the parties.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd