Study each of the following cases carefully. Briefly state the principle of law and your decision.
Valid Offer Sanderson Mart ran an advertisement in the Daily Tribune that stated, “Special offer to our customers-3/8-inch Electric Hand Drills, Saturday only-$14.99, only 100 in stock, while they last! Be here when we open for the bargain of the year!” Cruz arrived at the store at 8:00 a.m. when the store opened. The salesperson refused to sell him an electric drill, claiming that he had only two in stock and those were already set aside for another customer-and besides, the advertisement was not really a binding offer. Will Sanderson be required to sell the electric drill for the advertised price?
Principle of Law:
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Decision:
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