I’m studying and need help with a Business Law question to help me learn.
Under contract law, a reward offer is binding, so that the offeror of a reward must pay a person who completed performance for the offered reward.
A person has a responsibility to return lost personal property to its rightful owner.
The question posed by this assignment is: What happens if those two rules collide? What if Amanda finds Brenda’s object and THEN Brenda offers a reward for the return of the object?
Can Amanda insist on the reward as a pre-condition for the return? Can Brenda retract that reward because Amanda had a pre-existing duty to return the property before the reward was offered? Or, do they both just sue each other to enforce their respective duties? Which of these alternatives (or something else) do you think will be enforced by a court?
Assume that both Amanda and Brenda live in the city of Beavercreek, Oregon and that all events involved in this assignment occurred in that city.
An IRAC-style essay is appropriate for this assignment.
Please note that many of the best cases for this assignment are really old cases. That is okay. There is nothing wrong with using old cases if they’re the best ones and have not been overruled more recently.
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