5 ms·

A contract is for selling things that are more complicated than a simple transaction. If you go to the supermarket and buy a sandwich, you don't sign a contract

by tinco 5y ago

A contract is for selling things that are more complicated than a simple transaction. If you go to the supermarket and buy a sandwich, you don't sign a contract. They stipulate a price, you agree by taking it off the shelf and showing it to the cashier. Then you inform the cashier of your banking details by sliding your creditcard, and your bank and their bank arrange for the actual payment. In this case, Jump agreed to the price the person set, and then the person didn't give Jump the opportunity to pay. Where I live I'm pretty sure this would have been a binding agreement, though there's definitely some exceptions to that law that might or might not apply here.

nrmitchi 5y ago
On many occasions it’s been upheld that an advertisement is not an offer in a contract. A store cannot be sued over not delivering on an advertisement. There is a huge difference between buying a sandwich, and a claimed 5-figure deal. No one is going to sue over not being able to buy a sandwich. If you walk into a car dealership and buy a car, you can be damn sure there will be a sales contract.
- tinco 5y ago
  So what's the difference? And note this was not an advertisement, it was a personalized quote. Also while advertisements made in separate channels (like on TV) might not be binding, at least where I live any advertisements made in the store are certainly binding.
  - hedora 5y ago
    The amount of money makes a big difference.
    - deleted 5y ago
      [deleted]
  - nrmitchi 5y ago
    > it was a personalized quote. "personalized quote" implies that the owner here took the time to look into the prospective buyer, and determine an amount that was based on that buyer. It is not in any way, shape, or form reasonable to assume that the seller looked into Jump, determined that they have spent hundreds of millions of dollars on something called "Wormhole Network", and that 50k was what they would reasonable pay for "wormhole.com". Trying to phrase this as a "personalized" quote is misleading.
akvadrako 5y ago
Supermarkets dont need to sell you stuff for the price on the shelf. That would be insane.
- tinco 5y ago
  What?

by tinco 5y ago

nrmitchi 5y ago

On many occasions it’s been upheld that an advertisement is not an offer in a contract. A store cannot be sued over not delivering on an advertisement. There is a huge difference between buying a sandwich, and a claimed 5-figure deal. No one is going to sue over not being able to buy a sandwich. If you walk into a car dealership and buy a car, you can be damn sure there will be a sales contract.

tinco 5y ago
So what's the difference? And note this was not an advertisement, it was a personalized quote. Also while advertisements made in separate channels (like on TV) might not be binding, at least where I live any advertisements made in the store are certainly binding.
- hedora 5y ago
  The amount of money makes a big difference.
  - deleted 5y ago
    [deleted]
- nrmitchi 5y ago
  > it was a personalized quote. "personalized quote" implies that the owner here took the time to look into the prospective buyer, and determine an amount that was based on that buyer. It is not in any way, shape, or form reasonable to assume that the seller looked into Jump, determined that they have spent hundreds of millions of dollars on something called "Wormhole Network", and that 50k was what they would reasonable pay for "wormhole.com". Trying to phrase this as a "personalized" quote is misleading.

akvadrako 5y ago

Supermarkets dont need to sell you stuff for the price on the shelf. That would be insane.

tinco 5y ago
What?