Write an essay by solving the last three question

Write an by solving the last three question - Essay Example found that Wonderful Stores (WS) committed breach of contract when it cancelled its advertised â€Å"Wonderful January sale Bargains Galore; Rolex Watches  £80†¦Ã¢â‚¬  thus to settle the issue, the following questions must be resolved on appeal: (1) whether the advertisement was an invitation to treat and not an offer; (2) assuming that it was an offer, it was a bilateral offer and not a unilateral offer; (3) assuming further that it was a unilateral offer, no obligation arise as Simon has not accepted the offer at the time it was revoked on Saturday evening’s advertisement. Would the appeal of WS prosper? The appeal will not prosper. Advertisements are legitimate business strategies implemented by sellers to induce buyers to patronize its products however advertisements are mere invitations to treat. To ripen into a contract, bids must first be made to commence negotiation then the seller will consider the bid and thereafter accept it if deemed appropriate. Thus, the stages to constitute a valid contract must be complied with—initial offer, negotiation and acceptance. The indication of a price tag in an advertisement or even put on display on the shop window is of no moment. It does not qualify as a valid offer of sale but simply an invitation to treat which is not demandable until an offer was accepted. This is anchored on the fact that the store that advertised the product may not have sufficient inventory to sell to all those who would want to procure or avail of the products. In the case of WS, it stated in its advertisement that sale shall be made on a â€Å"first come, first served† basis thus the eventuality that it would run out of inventory is not present. The consumers are put on notice that the products are limited thus those interested to buy were encouraged to fall in line—sale would be made until supply last. WS has made an offer thereby creating a valid and enforceable contract. Therefore WS is obliged to sell to those who have complied with the