Spangel Fashions sends out its spring and summer catalog to Cindy. Cindy falls in love with the cute dress featured on the front cover of the catalog. When Cindy calls to order the dress, she is informed that the company has sold out of the dress. Cindy is upset and claims that the store is in breach of contract. She argues that the catalog presented an offer, which she accepted when she called to order the dress. Is Cindy correct? Why/why not?
What will be an ideal response?
No. Advertisements, price lists, and catalogs generally are not offers. Cindy submitted the offer and the store would have accepted the offer if the merchandise had been in stock. As long as Spangel Fashions is not violating any consumer protection statutes, it has no liability here.
You might also like to view...
Though a piece of equipment is still being used, the equipment should be removed from the accounts if it has beenfully depreciated
a. True b. False Indicate whether the statement is true or false
When a new partner is admitted to a partnership, bonuses attributable to either the old partnership or to the incoming partner may be recognized in accordance with the agreement among the partners
a. True b. False Indicate whether the statement is true or false
Which of the four levels of the cost hierarchy would be used by a ice cream producer using an activity-based management for a production run of a certain quantity of ice cream of vanilla flavor?
A) Unit-level activity B) Batch-level activity C) Product-level activity D) Facility-level activity
The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale
Indicate whether the statement is true or false