Green,a retailer,placed an advertisement in a local newspaper on May 5 that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10 at a sale price of $100 each.Regular Price $199.First come,first served!" Doe was the 10th customer in the store on May 10,but Green refused to sell him a TV set for $100.
-The advertisement is not an offer because Green did not express the intention to be bound by the statements in the advertisement.

Question

Quizplus · Accepted Answer

The advertisement contains all essential elements of an offer, such as price, quantity, and terms of acceptance. It also indicates a clear intention to be bound by the offer by stating "first come, first served." Therefore, the advertisement constitutes an offer for a contract and Green is obligated to sell the TV set to Doe for $100.

Green,a Retailer,placed an Advertisement in a Local Newspaper on May