Situation 1 Taking a long shot
To supplement donations collected from its general community solicitation, Tri-Cities United Charities holds an Annual Lottery Sweepstakes. In this year’s sweepstakes ,United Charities is offering a grand prize of $1,000,000 to a single winning ticket holder. A total of 10,000 tickets have been printed, and united Charities plans to sell all the tickets at a price of $150 each.
Since its inception, the Sweepstakes has attracted area-wide interest, and United Charities has always been able to meet its sales target. However, in the unlikely event that is might fail to sell a sufficient number of tickets to cover the grand prize, united Charities had reserved the right to cancel the sweepstakes and to refund the price of the tickets. To holders.