Business law in obtaining a loan


Question: 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. John 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 He is however, a little late applying for the loan and the offer is withdrawn before his application is processed.

Can he sue the bank why or why not?

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Business Law and Ethics: Business law in obtaining a loan
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