Asked by Julie David on Jul 22, 2024
Verified
One afternoon you find a notebook filled with incomprehensible mathematical notations outside the Faculty of Business building and, realizing that it belongs to a professor in the Philosophy Department whose name is on the cover, you put it under the door of his office with a note telling him that you found it. That night, on the eleven o'clock news, you see an interview with the professor who is telling the reporter that he has lost the notebook in which he had worked out the meaning of life, and you hear him offer $10,000 for its safe return. Discuss your legal position in relation to whether or not you can claim the reward if the professor refuses to pay you.
Reward
A benefit or compensation offered as an incentive for specific actions, performance, or behavior, often used to motivate or encourage certain outcomes.
Mathematical Notations
Symbols and signs used in mathematics to represent numbers, operations, relations, and functions.
Faculty of Business
An academic division within a university that specializes in teaching subjects related to business, economics, and management.
- Explain the principle of estoppel and its consequences for the enforcement of unconventional promises.
- Examine the juridical elements of free acts and their validity in the absence of consideration.
Verified Answer
AA
Ahmad Abu-SalamehJul 27, 2024
Final Answer :
Since returning the notebook was gratuitous, and not made in response to the offer of the reward, no contract has been created by the return of the notebook. The consideration was past consideration and not effective to bind a contract.
Learning Objectives
- Explain the principle of estoppel and its consequences for the enforcement of unconventional promises.
- Examine the juridical elements of free acts and their validity in the absence of consideration.