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The Pepsi Harrier Jet case. In a 1995 TV commercial Pepsi offered a Harrier jet as a reward for its Pepsi points customer give away. The ad said that the jet could be obtained for 7 million points. While the main method of obtaining Pepsi points was to drink Pepsi and redeem points from bottle caps, the company also allowed points to be purchased for ten cents each. John Leonard decided he was going to get that Harrier Jet.
The normal cost to obtain a Harrier jet was more than $23 million dollars. If Leonard bought all the points he would have needed to redeem for the jet it would cost him just $700,000. After raising money from friends and family, Leonard bought 7 million Pepsi points.
Attempting to enforce what he thought was a valid law of contract, he sent the 7 million points he had purchased, as well as 15 Points he had obtained from other means, and an order form on which he demanded that Pepsi supply him with a Harrier jet.
What else can I help you with?
Who developed the theory of contract and release?
The theory of "Contracts" and or "Agreements" pre-dates the written history of humanity. The first laws about contracts and releases from contracts are from Sumeria and Babylonia.
What is an example of abuse of power?
sign purchase contracts on behalf of the employer with the objective of getting the lowest price available from outside vendors. Instead of doing this, an employee could sign contracts with more expensive outside vendors and receive a kickback
How do you write an objective for an experiment?
Theory
Are life insurance indemnity contracts?
contact of insurance is an example of indemnity contracts
What is an example of objective truth?
An example of objective truth is the fact that water freezes at 0 degrees Celsius.
Can you give a sentence using objective?
Please clarify your objective with an example.
How Objective type question and answers about theory of machine?
governors
What is an example of a project objective?
An example of a project objective could be to increase sales by 10 within the next quarter.
What is the objective pronoun for the word I?
The objective pronoun for the first person singular 'I' is 'me'; for example, This belongs to me.
What is the objective form of they?
The objective form for the pronoun they is them. Example sentences:They brought me a nice gift. I will have to thank them.
What is an example of objective writing?
Encyclopedia.
What are the example of objective complement?
your fit.
