Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of the season was $825,000. Stan went that night and correctly picked the winners. However, it turned out that the newspaper had made a mistake. The jackpot was $25,000, not $825,000. Therefore the track owners refused to pay the latter amount. If this ad is treated like offers of reward, can Stan collect the $825,000?
Answer: yes; he can.
Publishing an ad in a newspaper is an offer. If a person reads it and executes as such indicates acceptance. Therefore, it becomes a contract since both offer and acceptance are there.
Parties in the contract can’t deny any of the associated terms and conditions. Since the amount $825,000 is also a term, it must be paid. There is no way of escaping by saying that the offer had a mistake.
Stan read an ad in the newspaper which said that the jackpot for picking the six...
( Business Law) Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of the season was $825,000. Stan went that night and correctly picked the winners. However, it turned out that the newspaper had made a mistake. The jackpot was $25,000, not $825,000. Therefore the track owners refused to pay the latter amount. If this ad is treated like offers of reward, can Stan...