In 1999, a Seattle man took a popular soft-drink company seriously when one of i

Question

In 1999, a Seattle man took a popular soft-drink company seriously when one of its commercials made an offer of a Harrier jet, the famous high-tech jump jet used by the U.S. Marines. In a television commercial that aired in 1995, the company jokingly included the Harrier as one of the prizes that could be received with a mere 7 million company points. Although that sounds like a lot of points to get from drinking the soft drink company's products (roughly 190 drinks a day for 100 years), the company also allowed customers to purchase points for 10 cents each.

The man did the math and discovered that the cost of the 7 million points needed for the jet was $700,000. He then put together a business plan, raised the $700,000 from friends and family, and submitted 15 points, the check, and an official order form with a demand for the Harrier jet.

The company wrote back, stating that the Harrier jet in the commercial was simply used to create a humorous and entertaining advertisement. They apologized for any misunderstanding or confusion people may have experienced and enclosed some free product coupons.

The free coupons did not satisfy the man, who then took the soft drink company to court. Finally, a federal judge for the Southern District of New York held that the company was only joking when it implied in its ad that it was giving away fighter jets. The judge noted that because the jets sell for approximately $23 million, no one could have concluded that the commercial actually offered consumers a Harrier jet. Instead, this was a classic example of a deal that was too good to be true.

Write a paper of 4–6 body pages that answers the following questions, including an in-depth explanation of the supporting rationale:

What are the key legal factors present in the scenario?

What are the 4 elements of a valid contract? How do they relate to the scenario in question?

What is the objective theory of contracts?

How does the objective theory of contracts apply to this case?

In your own words but based on research and analysis of relevant legal concepts and cases, why do you think the court held that there was not a valid agreement in this scenario? Provide support for your position.

Are advertisements generally considered offers? Explain.

How does this case differ from a reward situation in which a unilateral contract is formed upon completion of the requested act?

What recommendations (at least 2) would you make for a company considering an aggressive marketing campaign with giveaways of high value items? Explain the rationale behind each recommendation.

Explanation / Answer

What are the key legal factors present in the scenario?

the main legal factor that present in the scenario is the contract despite of the fact that it is valid or not. he soft drink company put a deal in front of customer in which they claimed that whoever, able to attain 7 million company pints will be considerred eligible for the harrier hjet. sine, the customer somehow arranged and able to attain the requested points. then customer remind the company about their promise and waited to see that soft drink company whether meet its end of bargainung or not. moreover, the issue is whether the suggestion of the company for an extravagant reward constitute a valid contract or not.

What are the 4 elements of a valid contract? How do they relate to the scenario in question?

four element that are required to make valid contact. tehse include as following

offer: in the contract offer must be clear and with an internet to do something should be an essential part of the contract.

Acceptance: offer must be accepted without any condition any new term that made after that will be considered null and void according to then law. there can be many offer during the negotiation made about the contract. however, final offer woulb=d be that bring the conversation to the end

intentional and legal consequences: both parties must develop a legal bind relation agtemnet that enforce by the law. however, if both parties decided that contract have no legal value there will no law enforcement can make in order to presume the contract.

consideration:- there must be valuable consideration should be made to support the contrast . that if one party has made a promise to do something in return for a promise . other party must be eligible to get some value or benifit againstthat promise

What is the objective theory of contracts?

the objective theory of contrast is a legal binding agreemnt between two or more parties that is judged by an unbvaised party to ensure fairness. a contact must include the four element mentioned above especially the acceptence in the signature from all parties. the baise of the objective theory of the contact is the interpretation of all parties understanding of an agrement and acceptence

How does the objective theory of contracts apply to this case?

in this case the soft dirnks company's comerical started they would reward an individdual a harrier jet for 7 million comapny points. when an individual obtained 7 million company points they demanded the harrier jet . when the individual took the company to the court where an unbaised judge presided over the case he determined that this aggrement was not a contrast, there was no meeting of the minds and no reasonable person would have belived that the harrier jet worth 23 milion dollars equal to 7 million company points

In your own words but based on research and analysis of relevant legal concepts and cases, why do you think the court held that there was not a valid agreement in this scenario? Provide support for your position.

the court ruled avery fair and accuate to me, because the elemnets of a contact were not met. the soft drinks company did not put in writing an offer to the public with clear terms that they would in fact give a harrier jet to any individual that obtaibed 7 million company poiints. nor, did the company set clear expexctations of gain: the company wanted received for suchb an extravagant reward. technically, if the copany wanted to add to the requirements of receiving the jet they could because there was not a meeting of the minds to ensure both parties understood the terms of the aggrements.

Are advertiseme million dollars could equal nts generally considered offers? Explain.

advertisemnet are usually not considered as offers because they are not sufficiently definite, they are not communivcated to a specific person or crowd and the circumstances of publication indiacte back to contractual intent. adverstisemnt are usually considered to be invitations to deal " that is invitations to the public to make offer to the advertiser

How does this case differ from a reward situation in which a unilateral contract is formed upon completion of the requested act?

What recommendations (at least 2) would you make for a company considering an aggressive marketing campaign with giveaways of high value items? Explain the rationale behind each recommendation.

the first recomentdition i would like to give to a company that markets high value items as given a way is to make sure they pay for prizes indemnity insurance. definition of prize indemninty insurance is as fallows indemnification insurance for a promotion in which the participants are offered the chances to win prizes

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