Business Finance Homework Help

Format

Problem scenario, students are required to identify the relevant issues, state the applicable
principles of law, supported by authority, and apply the law to the given facts to arrive at a
conclusion.

Reading

The textbook: Chapter on Contract Formation

Lecture Notes: Week 5

Scenario

Sue, a first-year law student, puts a poster up in her apartment building offering a reward of
$1000 to anyone who finds and returns her cats Tabby and Toby. She includes a clear photo of
her cats in the poster. She does not hear anything for a while but eventually Jane, another law
student in the building, knocks on Sue’s door and produces the cats. Although Sue does not like
Jane at all, she thanks her and starts to close the door. ‘What about my reward’ Jane says loudly.
‘Oh, that was just my way of saying I love my cats, you don’t think anyone would really pay so
much just to get their pet returned?’ ‘Well, you made an offer’, said Jane. ‘Well, even if I did, you
did not accept it,’ said Sue.

Does Sue have to pay Jane the $1000? Identify the relevant legal principles and apply them to
this situation.