[Bank Robbery] Safe Bank Was Robbed of a Significant Sum

question 88

Multiple Choice

[Bank Robbery] Safe Bank was robbed of a significant sum of cash by a robber later identified as Victor Victory. Safe Bank offered a reward of $10,000 to anyone who captured or provided information leading to the capture of Victor. Kareem, a police officer in town, promised Safe Bank officials that he would apprehend Victor. While on duty, Kareem arrested Victor at a restaurant in town. He found Victor after Ursula, Victor's girlfriend, told Kareem about various places Victor enjoyed eating. The bank refuses to pay either Ursula or Kareem any of the reward money.
-In a lawsuit between the bank and Ursula, regarding the reward funds, who is likely to prevail and why?

• A) The bank is likely to prevail because Ursula only provided past consideration.
• B) The bank is likely to prevail because Ursula was tainted by being Victor's girlfriend.
• C) The bank is likely to prevail because no valid bilateral contract existed.
• D) Ursula is likely to prevail because a valid bilateral contract existed.
• E) Ursula is likely to prevail because an enforceable unilateral contract exists based on her provision of information leading to the capture of Victor.

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Definitions:

Unemployment

Unemployment refers to the situation when individuals who are capable of working and are actively seeking employment are unable to find a job.

Financial Crisis

A situation where financial assets suddenly lose a large part of their nominal value, often leading to bankruptcies and economic downturns.

Phillips Curve

An economic concept illustrating an inverse relationship between the level of unemployment and the rate of inflation.

Inflation Rate

The percentage rate of increase in price levels over time, which can erode purchasing power.