ins_akaa@jhunix.UUCP (Ken Arromdee) (03/16/86)
I keep seeing coupons that say "cash value 1/20 cent" or something similar.
Does anyone know what it means (you bring in 2000 coupons and get a dollar
in cash? Somehow that doesn't sound right) ? Is there some legal requirement
which requires that coupons have a cash value?
--
Kenneth Arromdee | |
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!jhunix!ins_akaa | |dsn@umcp-cs.UUCP (Dana S. Nau) (03/17/86)
In article <2236@jhunix.UUCP> ins_akaa@jhunix.UUCP (Ken Arromdee) writes: >I keep seeing coupons that say "cash value 1/20 cent" or something similar. >Does anyone know what it means (you bring in 2000 coupons and get a dollar >in cash? Somehow that doesn't sound right) ? Is there some legal requirement >which requires that coupons have a cash value? Could it be an indication of the *real* value of the product they want you to buy? :-) -- Dana S. Nau, Comp. Sci. Dept., U. of Maryland, College Park, MD 20742 dsn@maryland seismo!umcp-cs!dsn (301) 454-7932
tkoppel@isis.UUCP ( News Guest) (03/19/86)
...In article <2236@jhunix.UUCP> ins_akaa@jhunix.UUCP (Ken Arromdee) writes:
...>I keep seeing coupons that say "cash value 1/20 cent" or something similar.
...>Does anyone know what it means (you bring in 2000 coupons and get a dollar
...>in cash? Somehow that doesn't sound right) ? Is there some legal requirement
...>which requires that coupons have a cash value?
This goes back a long ways to a class in business law that I took about
8 years ago...for a contract to be valid, both sides must get something
of value (I think the legal term is 'Consideration'). Anyhow, by assigning
a value (even 1/20 of a cent), the conditions of a contract are being met--
that is, you are accepting their offer to buy their product at a reduced
price, and they are getting the coupon with is worth 1/20 of a cent,
which is 'valuable consideration'.
--
Ted Koppel : Colorado Alliance of Research Libraries : 303-750-9142
: hao!nbires!isis!tkoppel