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Differences Between Advertisements and Contracts

In: Business and Management

Submitted By maki09
Words 1496
Pages 6
Certification of Authorship: As a student of American InterContinental University I pledge that all tests taken by me, and that all work submitted by me, will be original and solely the results of my own efforts.

_______________________
ABSTRACT
In this paper we are asked to answer specific questions concerning the case involving a man from Seattle who filed a lawsuit against a very popular soft drink company in regards to a Harrier Jet that the man alleges was promised as part of an offer through advertisement. I will discuss the objective theory of contracts, the four essential elements of a valid contract and how they correlate to the case mentioned above. I will also bring light as to why this specific case did not succeed in court and how this case was different from any other case that used the same approach to customers through advertisements.

When dealing with contracts there are 4 essential elements that make a contract valid. These 4 elements would start off with an offer, then Acceptance, intention of legal consequences, and then consideration. An offer means that clear, definite statement to do something must occur. Estimates, requests for proposals and letter of intentions do not count. With an offer of course comes an acceptance. An acceptance is when the offer brought to a person whether it’s a verbal or written agreement is accepted. Acceptance of the term in its exact form can also be done verbally or written. Any other new additions must be counter offered and be agreed within both parties. There is also the Intention of legal consequences. What this means is that both parties are aware that the contract and agreement they are both agreeing on is a legally binding contract and can be enforced by law enforcement. If both parties do not want the law involved they

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