Nobody downloaded yet

John Leonard and Pepsico, inc - Essay Example

Comments (0) Cite this document
In the notable case of Leonard v. Pepsico, the court had to consider if it was a valid contract. To be a contract it needed the four essential elements. First, an agreement had to be reached by all parties as to the terms and conditions of the contract. To form a contract there must be a mutual agreement to an exchange (Leonard v…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
John Leonard and Pepsico, inc
Read TextPreview

Extract of sample "John Leonard and Pepsico, inc"

Download file to see previous pages Fourth, the contract would have to have legal purpose. A contract would not be binding if the terms or enforcement were illegal at the time and place that it was implemented.
The ruling in the Leonard v. Pepsico case relied on the objective theory to consider the contact void. This theory, often called the innocent bystander theory, purports to ask the question of what a reasonable person might expect from the agreement. Simply put, if an innocent bystander had witnessed the agreement, would they expect it to be serious This sometimes enters a ruling where one party has misstated a condition that any reasonable bystander would understand as a mistake. The party would not be bound by this error. In this case, it was held that any reasonable person would assume that the offer was a joke.
The court found that Pepsico was not bound by the agreement on two key points raised by the defense. The first was that the humor used by Pepsico in the advertisement clearly indicated that the offer was intended as a joke and thus failed the innocent bystander test. In Judge Wood's ruling she writes, "The commercial is the embodiment of what defendant appropriately characterizes as 'zany humor'" (United States District Court, 1999, p.6). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“John Leonard and Pepsico, inc Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from
(John Leonard and Pepsico, Inc Essay Example | Topics and Well Written Essays - 500 Words)
“John Leonard and Pepsico, Inc Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF John Leonard and Pepsico, inc

Coca-Cola Company vs. PepsiCo, Inc

...? Coca-Cola Company vs. PepsiCo, Inc. s Analysis and discussion of the current effects of IFRS on the pension reporting for Coca-Cola and PepsiCo at 2009 year-end According to the Pension Plan Act of 2006 new standards were enacted and established in connection to the new methods of funding for the United States benefit pension plans. In the year 2008, Coca-Cola’s status of funding for the U.S based benefit pension plan fundamentally declined owing to the general decline in the stock market of the entire nation. Beginning 2009, the firm had injected about $ 175 million into the benefit pension plan (IASB, 2007). Consequent to this input, the plan is effectively funded to sustain total...
6 Pages(1500 words)Research Paper


...PepsiCo Inc Marketing Concepts and Strategy Marketing is a crucial aspect of every company’s business strategies, and every marketer strives to reach out to customers in product markets by creating customer value and strong customer relationships (Kotler and Armstrong 36). Businesses today are highly preoccupied with the goal of being the most customer-centric companies through marketing techniques; effective marketing entails understanding and capturing consumer needs and wants, ensuring customers have a constant supply of their favorite products and services and developing high quality products that appeal to the customers. All these activities, from a marketing perspective, enable businesses to...
5 Pages(1250 words)Essay

Coca-Cola Company versus PepsiCo, Inc

...? Coca-Cola Company versus PepsiCo, Inc. Table of Contents Table of Contents 2 Answer 3 Answer 2. 4 The Coca-Cola Company 4 The Pepsi Company 7 Answer 3. 8 Answer 4. 10 The Coca-Cola Company 10 The Pepsi Company 11 References 12 Answer 1. Pension plan is an important benefit that is to be offered by a company to its employees. Coca-Cola and Pepsi Co are the two global competitors but have done well in ensuring that the employees of the company get full benefits from the pension arrangements of the company though their process of offering benefits may differ. In 2009, the companies work under the 401k pension plan which provides insurance advantage on the medical requirements of the employees. In Coca-Cola...
6 Pages(1500 words)Essay

Coca-Cola Company vs. PepsiCo, Inc

...? Coca-Cola Company vs. Pepsi Co Inc Institute Coca-Cola Company vs. Pepsi Co Inc Pepsi incorporation and the coca-cola company are international beverage producing companies. Over the years, Different people have had different views and opinions about the two companies despite that their products serve a similar purpose. Both companies have set numerous sub-plants in different regions while the coca-cola company holds the largest number of sub-plants situated across the whole world. These sub-plants serve as strong holds for the companies and ensure satisfied distribution of products for the companies. The two companies have set some pension plans that have had many effects on the companies’ level of...
6 Pages(1500 words)Essay

John Leonard Vs. Pepsi Co

...Leonard v. Pepsico, Inc. Contract Law The case of John R. Leonard vs. PepsiCo Inc. is a very interesting one due to the nature of events that occurred. Although we know the vivid details of what transpired, it leaves a lot to ponder over. John Leonard sued PepsiCo for breach of contract because they did not honor a supposed offer to gift a Military Class Harrier Jet on the submission of 7,000,000 Pepsi points. Based on the facts, the first question that comes to mind is what features would constitute a binding contractual agreement. The features which substantiate a...
3 Pages(750 words)Case Study

Report project for PepsiCo, INC

...PepsiCo Inc. The report answers the relevant questions related to the financial ments of PepsiCo for the year ended 2009 from the annual accounts of the company. Several ratios of the company have also been computed in order to assess the performance of the company. Amount reported as Property, Plant, and Equipment The amount reported as Property, Plant, and Equipment (net) for the company as at December 26, 2009 in the Balance Sheet is $ 12,671 million. (PepsiCo, 2009) This amount is shown as net of accumulated depreciation and impairment losses on the assets, if any. Depreciation method and depreciation charge The company uses a straight line method to record the depreciation expense and records the depreciation as well... for its...
5 Pages(1250 words)Research Paper

PepsiCo Restaurants

...Task: PepsiCo Restaurants Introduction PepsiCo started in 1898 as a soft drink business by selling Pepsi drinks. It became famous in 1965 when the by then company’s CEO Donald Kendall combined it with a snack food company called Frito-Lay. After some years, PepsiCo collaborated with other external companies such as Pizza Hut, Taco Bell and KFC thus increasing its external growth (Harvard business school 1). “Should PepsiCo acquire California Pizza Kitchen and Carts of Colorado, Why or why not?” PepsiCo should acquire both Carts of Colorado (COC) and California Pizza Kitchen (CPK) because both businesses make profits therefore, this will increase the...
2 Pages(500 words)Case Study

International Legal and Ethical Issues in Business IP Week 3

.... It is doubtful that Pepsico even lost money on the t-shirts, probably buying them in bulk. It is the opinion of this author that John Leonard didn’t intend to receive a Harrier either. What would he do, start his own Air Force? He no doubt expected that Pepsico would quietly settle the lawsuit for a couple of million dollars and he would still make a whopping profit. For the legal sense, advertisements are generally not considered offers, for it cannot be construed that a business would not have enough of the sale item on hand to satisfy everybody, for example if they advertised a man’s blazer for $39.95. Yet if the store stated in the ad that when stocks were...
4 Pages(1000 words)Essay

PepsiCo Inc. Case Study

...PepsiCo Inc. Case Study By PepsiCo Inc. Case Study Pepsi is one of the leading beverage brands globally with operations in nearly 200 hundred countries. Pepsi specializes in food and beverage with equitable brand portfolios such as Frito-Lay, Pepsi-Cola, Tropicana, and Quaker. As a multinational company, Pepsi collaborates with its authorized bottlers, contracted manufacturers, and other third parties to distribute its products (, 2015). . Fundamentally, the company has six market segments spanning from North America, Latin America, Europe, Middle East, Asia, and Africa. With approximately 100 years of operations in beverage and food industry, the company faces both local and external rivals in its marketing campaigns... Bernard,...
5 Pages(1250 words)Essay

Facts about Leonard Peltier

..., to the Siege at Wounded Knee. Some of the unforgettable leaders of the society were Dennis Banks, John Trudell, Russell Means, Eddie Benton-Banai and Clyde and Vernon Bellecourt. They have been envisioned by Leonard Peltier as imperfect people; however they have the bravery and compassion for their fellow Native Americans. These people inspired Leonard Peltier, who was 14 years old then. At an early age, he experienced rank racism, political activism and brutal poverty. He was inspired to attend meetings on the reservation with his father. With this action, he was convinced that we would want to live for the people of Pine Ridge Reservation and be a protector in their disposal. He...
10 Pages(2500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic John Leonard and Pepsico, inc for FREE!

Contact Us