A bank advertises home loans at low interest rates for its account holders for three months. Toward the end of the second month, the bank withdraws the offer. Sam opens an account with the bank because of the offer. He is, however, a little late applying for the loan and the offer is withdrawn before his application is processed. Sam sues the bank.
Analyze the case and assess the bank's obligation and Sam's claim. Make a decision in the case, giving reasons.