Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Farms Ltd has lost one of its horses due to a broken fence which allowed the horse to escape. ABC decides to post a

ABC Farms Ltd has lost one of its horses due to a broken fence which allowed the horse to escape. ABC decides to post a notice in the local newspaper offering a $200.00 return for the return of the lost horse. The horse is easily identifiable from any other due to unique marking in that its ears and head are black and the rest of it is white.John Smith shows up a few days later at ABC with the horse and claims the 200.00 reward. ABC accepts the horse but is going through some rough financial times and says they won't pay the reward because John Smith did not communicate with them beforehand that he was going to look for the horse and would accept the offer to return the horse.

What legal argument can John Smith make so that ABC will be contractually bound to pay him the reward? What landmark case would he rely on?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

11th Edition

324655223, 978-0324655223

More Books

Students also viewed these Law questions

Question

=+Does the federal funds rate matter only for banks?

Answered: 1 week ago

Question

LO12.5 Discuss the economic effects of monopoly.

Answered: 1 week ago