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Absolutely not, nor was I drawing any definitive legal conclusions. I have run through bar flash cards on the UCC so I have some idea of what I don't know and t
by antiterra 13y ago
Absolutely not, nor was I drawing any definitive legal conclusions. I have run through bar flash cards on the UCC so I have some idea of what I don't know and that there can be a lot of complexity. For example, I vaguely recall an ad in a newspaper is not an offer, but an 'invitation to an offer.'
- rahimnathwani 13y agoFor example, I vaguely recall an ad in a newspaper is not an offer, but an 'invitation to an offer.' I think you mean an 'invitation to treat'. A price sticker in a store can be an 'invitation to treat', i.e. you can look at a price sticker in a store and have a reasonable expectation that if you offer the teller the amount on the price tag, then that teller will accept the price. It's more like an 'invitation to offer [verb]' than an 'invitation to an offer[noun]'. A newspaper advertisement can be considered an offer, though. I don't know much about US law, but there is a famous case from the UK in which a lady claimed some money from a company on the basis of an advertised reward. They didn't pay and said it wasn't a serious claim. She fought in court and won: http://en.wikipedia.org/wiki/Carlill_v_Carbolic_Smoke_Ball_Company http://en.wikipedia.org/wiki/Carlill_v_Carbolic_Smoke_Ball_C...
- antiterra 13y agoUS law schools often phrase it exactly as invitation or solicitation to an offer. I definitely don't claim to have any authoritative knowledge on its applications in any jurisdiction.