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3. An enforceable contract requires both parties’ signatures. This really doesn't jive with what I know about contract law, so I checked the article, and it is
by dfxm12 5y ago
3. An enforceable contract requires both parties’ signatures.
This really doesn't jive with what I know about contract law, so I checked the article, and it is more specific:
An enforceable contract requires both parties’ signatures: Under existing law, any contract for the sale of goods worth $500+ must be evidenced by writing; Pepsi did not sign anything.
Still, was Pepsi really selling something for more than $500? It's an exchange for Pepsi points (not cash), and even though you can buy them, are they equivalent to cash? Also, on top of that, has anyone signed anything the last time they bought a $500+ laptop, PS5 bundle, unlocked cell phone, etc.?
I know a contract has to meet all elements of a contact to actually be a contract, so the other 2 reasons are enough, but this 3rd reason seems out of place, given the situation and even what I learned in my contact law class.
- gamblor956 5y agoIf the ad was a contractual offer to sell a Harrier jet, it would be generally governed by the UCC, not by basic contract law.
- lordlimecat 5y agoThe individual in question sent in 15 Pepsi points and a check for $700k. The Pepsi points were irrelevant here. If he had spent a ton of money to make equivalent Pepsi points then maybe there would be a case here.