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Bobby sees a diamond ring in the display cabinet of a local jewellery shop, with a price tag of £25. When Bobby tried to buy the ring, the shop assistant informed him this was an error and the correct price is £2,500.Which of the following statements is correct?
A.
There is a binding contract for the ring at a price of £25
B.
There is a binding contract for the ring at a price of £25,000
C.
There is no contract since the ring on display is an invitation to treat
D.
There is no contract because an honest mistake has been made