Jasmine Offers $100 to Anyone Who Can Return Her Lost

question 50

Multiple Choice

Jasmine offers $100 to anyone who can return her lost dog, Champ. Kayla returns the dog and requests the money. Jasmine says that there is no binding contract. Which of the following is true regarding Jasmine's statement?

• A) Jasmine is incorrect because there is a binding bilateral contract.
• B) Jasmine is incorrect because there is a binding unilateral contract which Kayla accepted by performing.
• C) Jasmine is correct because there is no binding bilateral contract.
• D) Jasmine is correct because there is no binding unilateral contract.
• E) Jasmine is correct because Kayla acted incorrectly by her manner of attempted acceptance.

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Definitions:

Ownership Shares

Portions or fractions of equity in a company, providing the shareholder certain rights, such as dividends and voting power.

Family Business Feud

Conflicts or disputes that occur within a family-run company, often relating to leadership, succession, or financial issues.

Work Responsibilities

The specific tasks, duties, and functions assigned to an employee or a team within the workplace, expected to be fulfilled to achieve organizational goals.