Question: which application do you recomment? TITLE Case Brief: Chang v. First Colonial Savings Bank, 242 Va. 388, 410 S.E.2d 928 (1991) Chang v. First Colonial
which application do you recomment? TITLE Case Brief: Chang v. First Colonial Savings Bank, 242 Va. 388, 410 S.E.2d 928 (1991) Chang v. First Colonial Savings Bank, 242 Va. 388, 410 S.E.2d 928 (1991). Facts In 1989, First Colonial Savings Bank published a newspaper advertisement promoting a special savings account that featured a notably high interest rate, intended to attract potential customers. The advertisement clearly stated the interest rate, the required minimum deposit amount, and explicitly noted that the offer was valid for a limited time. Chia T. Chang and Shin S. Chang, relying on the advertisement, submitted an application to open the account along with the required deposit. However, First Colonial Savings Bank later refused to accept the Changs' application, citing a purported typographical error in the advertisement. The Changs contended that their application and payment constituted acceptance of the bank's offer, and thus a legally binding contract had been formed. Procedural History The Changs filed a lawsuit against First Colonial Savings Bank in the Circuit Court of Chesterfield County, asserting that the bank's advertisement was a valid offer accepted by their actions, resulting in an enforceable contract. The trial court granted summary judgment in favor of the bank, ruling that the advertisement was not a binding offer. Dissatisfied with this outcome, the Changs appealed the decision to the Supreme Court of Virginia. Issues The central legal questio
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