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Layton Fine Fashions Had a Shipment of Orange Ties That

Question 7

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Layton Fine Fashions had a shipment of orange ties that it wished to sell. It therefore placed an advertisement, on Monday, in the town newspaper that said, "Fine silk orange ties. The season's hottest fashion trend. This week only - Come to Layton Fine Fashions and we guarantee that you'll pay no more than $35." The advertisement was such a success that the ties were almost entirely sold out within two days. Which of the following statements is TRUE?


A) Layton's offer will be revoked if it places a notice in the same newspaper that says "Sorry, gentlemen - the orange silk ties are all sold out," even if some disappointed customers failed to read that notice before they came to the store.
B) because of the wording of the advertisement, the offer must be held open for one week, and Layton will be held liable to every potential customer who unsuccessfully tries to purchase one of the ties
C) The situation probably is governed by the special rules that apply to tenders.
D) Layton has nothing to worry about because a court certainly would find that the advertisement was an invitation to treat rather than an offer.
E) The advertisement can be properly classified as an option.

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