Rhino Distillery, a famous whiskey distillery, placed the following advertisement in the Avid Angler magazine on 25 January: ‘Calling all anglers of all ages and levels! Come one, come all! Fishermen and women of Placid River. We are offering prize money of $75,000 to any angler who reels in Misterjaw, a giant barramundi which we have tagged and released into the river.’ The following day was the Australia Day holiday. Placid River was crowded with people fishing from the bank and from boats. At around noon, a rumour spread among the people on the bank that there had been an error in the advertisement: that the true amount should have been $7,500 and that Rhino Distiller had announced that the prize would be the lower amount. The rumour was in fact true. Georgie Lang, known to his friends as “Gorka”, had heard this rumour from the stranger fishing beside him, minutes before catching Misterjaw. A Rhino Distillery representative was present to certify the catch before Misterjaw was released back into the river, but did not say anything about the amount of the prize money. In the meantime, Tyler Henry, also known as “Hank” among the local angler aficionados, was fishing from his boat and did not hear the rumour. Hank was so sure that he would catch Misterjaw and claim the prize. He returned every weekend until he finally caught Misterjaw on Christmas Eve. Gorka now claims that Rhino Distillery owes him $75,000. Hank also claims that Rhino Distillery owes him that prize money. Advise Rhino Distillery, explaining applicable legal principles and citing relevant authorities on:
(1) Whether the company is liable to pay Gorka the $75,000 prize. (10 marks)
(2) Whether the company is liable to pay Hank the $75,000 prize. (10 marks)
Subject: BUSINESS AND CORPORATE LAW
A Rhimo Distillery offered advertisement on 25 th
Jan.there was a rumour about change in price money offered and it
was on public holiday
Gorka was aware of changes while hank was not(Since
there was not any official notice)
And there was no changes in the advertisement on 25th
Jan.
This offer was revocable till the other party has not
acted in reliance upon offer
If Gorka was aware of the fact about changes, he must
certify it before Rhino distillery representative .
If there is any change in offer, its communication is
necessary
There is a valid contract between Gorka & rhino
distillery as soon as he reacted with advertisement
In this case, company is liable to pay Gork 75000
since he accepted the offer made by company
B Same facts will be applied to Hank and company will
be liable towards him for 75000/-
Rhino Distillery, a famous whiskey distillery, placed the following advertisement in the Avid Angler magazine on...
Rhino Distillery, a famous whiskey distillery, placed the following advertisement in the Avid Angler magazine on 25 January: ‘Calling all anglers of all ages and levels! Come one, come all! Fishermen and women of Placid River. We are offering prize money of $75,000 to any angler who reels in Misterjaw, a giant barramundi which we have tagged and released into the river.’ The following day was the Australia Day holiday. Placid River was crowded with people fishing from the bank...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...