Reference no: EM13765752
Internation Business Law Contracts
In 1999, a Seattle man took a popular soft-drink company seriously when one of its commercials made an offer of a Harrier jet, the famous high-tech jump jet used by the U.S. Marines. In a television commercial that aired in 1995, the company jokingly included the Harrier as one of the prizes that could be received with a mere 7 million company points. Although that sounds like a lot of points to get from drinking the soft drink company's products (roughly 190 drinks a day for 100 years), the company also allowed customers to purchase points for 10 cents each.
The man did the math and discovered that the cost of the 7 million points needed for the jet was $700,000. He then put together a business plan, raised the $700,000 from friends and family, and submitted 15 points, the check, and an official order form with a demand for the Harrier jet.
The company wrote back, stating that the Harrier jet in the commercial was simply used to create a humorous and entertaining advertisement. They apologized for any misunderstanding or confusion people may have experienced and enclosed some free product coupons.
The free coupons did not satisfy the man, who then took the soft drink company to court. Finally, a federal judge for the Southern District of New York held that the company was only joking when it implied in its ad that it was giving away fighter jets. The judge noted that because the jets sell for approximately $23 million, no one could have concluded that the commercial actually offered consumers a Harrier jet. Instead, this was a classic example of a deal that was too good to be true.
Write a paper of 4-6 body pages that answers the following questions, including an in-depth explanation of the supporting rationale:
What are the key legal factors present in the scenario?
What are the 4 elements of a valid contract? How do they relate to the scenario in question?
What is the objective theory of contracts?
How does the objective theory of contracts apply to this case?
In your own words but based on research and analysis of relevant legal concepts and cases, why do you think the court held that there was not a valid agreement in this scenario? Provide support for your position.
Are advertisements generally considered offers? Explain.
How does this case differ from a reward situation in which a unilateral contract is formed upon completion of the requested act?
What recommendations (at least 2) would you make for a company considering an aggressive marketing campaign with giveaways of high value items? Explain the rationale behind each recommendation.
|
Compare the structure and hierarchy of courts
: From the third e-Activity, compare the structure and hierarchy of courts in Indiana to those of a neighboring state of Ohio. Describe the similarities and differences of these state court systems in terms of the process of handling caseloads
|
|
Improve the security of business
: What can be done to improve the security of business uses of the Internet? Give several examples of security measures and technologies you would use.
|
|
Assignment on regulatory requirements and standards
: Regulatory Requirements and Standards - The graduate ensures alignment of regulatory requirements and standards with appropriate information security and assurance controls for organizations that process or hold privacy, financial, or medical info..
|
|
Types of mental health problems
: Review the video titled "Mental Health Matters" (2 min 59 s), located below. You may also view the video at https://www.youtube.com/watch?v=S6o2dxRjN9c. Next, identify two (2) common types of mental health problems
|
|
What is the objective theory of contracts
: Internation Business Law Contracts-What is the objective theory of contracts and What are the key legal factors present in the scenario
|
|
Create a presentation on contemporary hero or heroines quest
: Create a 10- to 16-slide Microsoft PowerPoint presentation with detailed speaker notes about a contemporary hero or heroine's quest. Refer to the University of Phoenix Material
|
|
Define the ideology of the pid block diagrams
: I have this on an article that i can send to you and would want a soft copy of the saved designed in matlab and an analysis and interpretation of the result as a mini report. i would like this be done as soon as possible. The ideology of the PID b..
|
|
Programming sum of the squares
: Find the sum of the squares of the integers from 1 to MySquare, where MySquare is input by the user. Be sure to check that the user enters a positive integer.
|
|
Police website - what is there and how it is helpful
: in APA style article about Police Website what is there and how it is helpful and what u found there the site the website
|