Giardetti, a retailer, placed an advertisement in a local newspaper on May 5th that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10th at a sale price of $100 each. Regular price $199. First come, first served!" Don was the 10th customer in the store on May 10th, but Giardetti refused to sell him a TV set for $100. The advertisement is not an offer because Giardetti did not express the intention to be bound by the statements in the advertisement. O a. TRUE Ob. FALSE
Giardetti, a retailer, placed an advertisement in a local newspaper on May 5th that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10th at a sale price of $100 each. Regular price $199. First come, first served!" Don was the 10th customer in the store on May 10th, but Giardetti refused to sell him a TV set for $100. The advertisement is not an offer because Giardetti did not express the intention to be bound by the statements in the advertisement. O a. TRUE Ob. FALSE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Giardetti, a retailer, placed an advertisement in a local newspaper on May 5th that read: "Special Sale! New 16" portable TV set available for sale to the first 10
customers at my store on May 10th at a sale price of $100 each. Regular price $199. First come, first served!" Don was the 10th customer in the store on May
10th, but Giardetti refused to sell him a TV set for $100. The advertisement is not an offer because Giardetti did not express the intention to be bound by the
statements in the advertisement.
a. TRUE
O b. FALSE
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