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offer vs supermarket shelf

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › offer vs supermarket shelf

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
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  • June 9, 2017 at 10:09 am #392126
    iloveaccountancy
    Member
    • Topics: 119
    • Replies: 111
    • ☆☆☆

    Hello Mike.

    Here is the definition of an offer I received from a google search:

    Offer Definition: A explicit proposal to contract which, if accepted, completes the contract and binds both the person that made the offer and the person accepting the offer to the terms of the contract.

    What confuses me is that in a supermarket (for example) they state the price of the good as part of their ‘invitation to treat’. So aren’t they the one’s making a public offer (due to specifying a price)?

    June 9, 2017 at 11:59 am #392142
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    No – the indicated price is taken to be just that – an indication of how much the shopper should offer. It’s a guide price

    Imagine that you see something on a supermarket shelf and, on impulse, you decide that you would like it so you take it off the shelf and place it in your trolley.

    Now, according to you, that means that you are now contracted to the supermarket …

    … so you can’t change your mind. You’re in a contract. And if you get to check out and, as you take that item out of your trolley, it slips from your hand and shatters! That’s your loss

    Do you really want to go down this route?

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