Michelle's Boutique places an ad in the Sunday paper for beautiful, top-of-the-line designer suits for $3.00. Alice sees the ad in the paper and goes to the store to stock up on business suits for her new job. Michelle apologizes for the misprint. Alice has just finished a class in contract law and insists that the store sell her five suits for $15. Alice threatens to sue Michelle for breach of contract.
A) This is a valid contract based on commercial reasonableness.
B) The ad in the newspaper is an offer to sell, Alice accepted the offer, and there is an enforceable contract.
C) The ad in the newspaper is a solicitation seeking offers, but is not an offer to sell; therefore, Alice will not be able to successfully sue for breach of contract.
D) None of these.
Correct Answer:
Verified
Q56: Wes, who is an art collector, offered
Q57: Elmer wrote a letter to his friend
Q58: In the Osprey L.L.C. v. Kelly-Moore Paint
Q59: The UCC provides that a merchant is
Q60: To be effective, an offer must:
A) be
Q62: Lyle offers to sell his house to
Q63: Charlene hears about a reward being offered
Q64: Marilyn read an ad in the school
Q65: A _ is the refusal to accept
Q66: Which is not a revocable offer?
A) A
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents