Giardetti, a Retailer, Placed an Advertisement in a Local Newspaper

question 43

True/False

Giardetti, a retailer, placed an advertisement in a local newspaper on May 5^th that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10^th at a sale price of $100 each. Regular price $199. First come, first served!" Don was the 10^th customer in the store on May 10^th, but Giardetti refused to sell him a TV set for $100. The advertisement is not an offer because Giardetti did not express the intention to be bound by the statements in the advertisement.

---

Definitions:

Advertising

The activity or profession of promoting products, services, or ideas through various forms of media.

Product Quality

A measure of the perceived value, reliability, and performance of goods or services as judged by consumers.

Expensive Advertisement

High-cost marketing activities aimed at promoting products, services, or brands to a wide audience.

Product-variety Externality

An economic condition where the diversity of products benefits consumers more than what is accounted for by the producers, leading to positive external effects in a market.