Lost A Jet? Blame Pepsi! | Pepsi Documentary

Let's explore the famous story in which a boy won a Harrier jet and tried to claim it but lost a jet and blamed Pepsi as Pepsi refused to give him.
The Pepsi Points case is an American contract law case regarding offer and acceptance. It was brought in the United States District Court for the Southern District of New York in 1999, and its judgment was written by Kimba Wood. In 1996, PepsiCo began a promotional loyalty program in which customers could earn Pepsi Points, which could be traded for physical items. John Leonard discovered a loophole in the promotion, allowing him to purchase Pepsi Points at 10 per point. Leonard then sued PepsiCo, Inc. in an effort to enforce the offer and acceptance perceived by Leonard to be made in the advertisement.
In her judgment, Wood sided with PepsiCo, noting the frivolous and improbable nature of landing a fighter jet in a school zone. PepsiCo would re-release the advertisement, valuing the jet at 700,000,000 Pepsi Points.
00:00 Intro
00:53 Background
03:25 Procedural History
05:27 Judgement
07:46 Outro
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