Topic: Contract Law
Bevans, N. (2006). Business law: A hands-on approach. Clifton Park, NY: Delmar Cengage Learning.
Please read the following chapters in your Business Law text.
Chapter 1: “Introduction to Contracts,” pages 1–20
Chapter 2: “Offers,” pages 21–46
Your essay answer must be 2 pages. This does not include a title page or the reference page. Essay answers are expected to be logical, based in legal terms, and use concepts found in the Unit 1 readings, with appropriate in-text and reference page APA citation format.
Locate an advertisement for the sale of a product. Provide a link to the advertisement or attach a PDF copy of it. Ensure to answer all of the following questions in essay format using paragraph form with a clear introduction, body content, and conclusion.
Is this advertisement an offer? Why or why not?
Who is the offeree and who is the offeror?
Finally, apply the Basic Elements of a Contract to following fact pattern (ensure to identify each element and when it is met):
Billy sees an advertisement for a sale at a local grocery store. He goes to the store to locate products, from the advertisement, that he wants to purchase. He places the items in a grocery cart and goes to the check-out. The cashier totals the cost of the items and tells Billy the total due. Billy pays the cashier to complete the transaction and leaves the store with his purchased items.