In: Finance
.1.A Best Buy circular in your local newspaper advertises a Samsung 75-inch TV for $2,000. You arrive at the store and find the TV with a $2,000 price tag on it. You bring the TV to the front register. The cashier takes the TV and rings it up. You give the cashier $2,000. The cashier takes the money and gives you a receipt for the purchase. Who made the offer and when/where did the offer take place?
.a Best Buy made the offer to sell the TV for $2,000 in the circular advertisement.
.2.. John and Amy formed Custom T-Shirt Co., a partnership that sells t-shirts. John’s little brother, Mike, is not a partner, but he tells Brenda that he is a partner of Custom T-Shirt Co. Mike promises that in exchange for $500 paid upon delivery, Custom T-Shirt Co. will provide 50 t-shirts for Brenda’s charity event next week. Brenda has no reason to know that Mike is not a partner of Custom T-Shirt Co., so she stops looking for t-shirts for her event from other vendors, relying on Mike’s promise. The day of the event, the t-shirts are not delivered, as Mike was not actually a partner of Custom T-Shirt Co., and John and Amy had no idea about the order. Brenda must purchase rush-order shirts from Quick T-Shirt Co. at $20 per shirt. Is Mike liable for damages? Why or why not?
ANSWER;
.a.Yes, because he would have been the one to collect the money from Brend