Johnny wishes to purchase a new MP3 player. He visits BJ Hi-Fi and checks out the range of MP3…

Johnny wishes to purchase a new MP3 player. He visits BJ
Hi-Fi and checks out the range of MP3 players they have available. One
particular model, the Orange ePod, is on sale: there is a small stack of ePods
under a sign that states: ‘Special offer! Only $100’. Johnny says to himself,
‘Well, that’s an offer that is too good to refuse’, and takes one from the
stack. He takes the ePod to the counter, hands it to the cashier, and says
‘I’ll take this’. He then remembers seeing ePods on sale for $90 at another
store. He says to the cashier, ‘I’m sorry, I’ve changed my mind’. The cashier
responds, ‘No, I’m sorry, I’m afraid it’s too late. You have to buy this now.
You are legally committed.’ Is the cashier correct? Focus upon whether or not
there is an agreement between Johnny and BJ Hi-Fi.

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