10 ms·

To my understanding this would also be required in the US.

by rootusrootus 3y ago

tzs 3y ago
There's a good summary for the US here [1]. The most relevant parts: > Assuming that an incorrect advertised price is truly an error rather than an attempt to deceive, companies are only obligated to honor it if a customer makes an offer at that price and the company accepts it. This exchange creates a contract between buyer and seller. > In a store, customers make an offer simply by indicating they want to buy an item – for example, by bringing it up to the register – and the company accepts the offer by ringing up the sale. In the brick-and-mortar world, contracts don't get formed around pricing errors because the store just won't ring up the sale. But online selling, in which transactions are processed automatically, has added a new layer of complexity to the issue. and > When an e-commerce website has had an incorrect price entered into its database, it can end up not only advertising that price but also accepting orders and charging customers' credit cards for that amount. The central issue here is whether retailers can void the contract created when orders were accepted. > The easiest way for a company to deal with such situations is to have website "terms of use" that clearly state the company can cancel orders and refund customers' money because of pricing errors (or for any reason). Otherwise, a common law doctrine known as "unilateral mistake of fact" applies. This doctrine allows a party to a contract to set aside the contract if honoring it would be "unconscionable," or if the other party could have reasonably assumed it was a mistake. A $1,000 item advertised for $10 likely would meet this definition. [1] https://smallbusiness.chron.com/company-advertising-price-wrong-responsible-mistake-73117.html https://smallbusiness.chron.com/company-advertising-price-wr...

10 ms·

To my understanding this would also be required in the US.

by rootusrootus 3y ago

To my understanding this would also be required in the US.

tzs 3y ago
There's a good summary for the US here [1]. The most relevant parts: > Assuming that an incorrect advertised price is truly an error rather than an attempt to deceive, companies are only obligated to honor it if a customer makes an offer at that price and the company accepts it. This exchange creates a contract between buyer and seller. > In a store, customers make an offer simply by indicating they want to buy an item – for example, by bringing it up to the register – and the company accepts the offer by ringing up the sale. In the brick-and-mortar world, contracts don't get formed around pricing errors because the store just won't ring up the sale. But online selling, in which transactions are processed automatically, has added a new layer of complexity to the issue. and > When an e-commerce website has had an incorrect price entered into its database, it can end up not only advertising that price but also accepting orders and charging customers' credit cards for that amount. The central issue here is whether retailers can void the contract created when orders were accepted. > The easiest way for a company to deal with such situations is to have website "terms of use" that clearly state the company can cancel orders and refund customers' money because of pricing errors (or for any reason). Otherwise, a common law doctrine known as "unilateral mistake of fact" applies. This doctrine allows a party to a contract to set aside the contract if honoring it would be "unconscionable," or if the other party could have reasonably assumed it was a mistake. A $1,000 item advertised for $10 likely would meet this definition. [1] https://smallbusiness.chron.com/company-advertising-price-wrong-responsible-mistake-73117.html https://smallbusiness.chron.com/company-advertising-price-wr...