12ġ3Loman’s Fashions has been sued by a shopper for a breach of contract for its failure to sell a designer leather coat that had been advertised for sale at a substantially marked-down price. She asks whether Loman’s would have any contractual obligation under these circumstances. Loman expressed concern 11 that, if the shopper’s interpretation were to hold, Loman’s would have to reconsider its marketing strategies she had assumed that the advertised terms applied while supplies lasted. In this case, the manufacturer had discontinued the line of coats and Loman’s was not prepared to sell other, designer leather coats at such a drastic markdown. Loman’s president, Willi Loman, stated that the store occasionally gives rain checks when it is possible to replenish supplies of an item that Loman’s can purchase at a discount. The store manager declined, and the shopper filed a complaint in Small Claims Court, 9 alleging that Loman’s had breached a contract by failing to sell the advertised leather coats at the advertised price. At 7:30 a.m., a shopper inquired about the coats and was told that there were none left, but she complained that Loman’s was obligated to sell her a comparably valued designer leather coat at the advertised price. on Friday, November 30, and stated that the “early bird catches the savings!” After about fifteen minutes, all the advertised coats had been sold. The ad announced that the store would open at 7 a.m. Loman’s Fashions, a retailer of women’s and men’s outerwear, distributed a circular in November advertising a manufacturer’s closeout of designer women’s leather coats for $59.99, coats that regularly sold for $300.00. 7 Where, as here, the text of the advertisement merely stated that the sale was a “manufacturer’s closeout” and that the “early” shopper would “catch the savings,” the advertisement was not an offer to sell the coat which could be converted into a binding contract by conduct signifying an acceptance of the advertised terms. Under New York law, 2 did 3 Loman’s Fashions’ description of a designer leather coat in an advertising circular constitute an offer 4 to sell the coat which became a binding contract when the text of the advertisement indicated that the coats were a “manufacturer’s closeout” and that the early shopper would be rewarded, and when a shopper signified her intent to purchase the coat according to the advertised terms? 5 Essay Writing Services St.RE: Loman’s Fashions – Breach of contract claim (advertising circular).All employees of the department are required to attend. A training seminar will be held on 27th September 2019 from 9 am to 5 pm to familiarize the staff with the new accounting procedures. The decision has been made in order to improve our accounting procedure and make it less time consuming and cost-efficient. We would like for all our employees in the accounting department to undergo refresher training on the new accounting procedures.
Subject: Compulsory Refresher Training for All Employees in the Accounting Department. Memos are commonly used in the business world because they are cost-effective, simple, brief, and can serve as evidence in case a dispute arises.Ī memo is written to serve one of the following purposes: It serves as a reminder or as a means to give instructions. A memo, a short form for memorandum is a means of official business communication.
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