Kamal Places an Ad in the Local Newspaper as Follows

question 20

Multiple Choice

Kamal places an ad in the local newspaper as follows: "$500 reward for the return of my gold ring." Mira finds the ring and returns it to Kamal, but he refuses to pay her the $500. Which of the following statements is true regarding this case?

• A) As the ad was merely a solicitation of offers, there was no contract until Kamal accepted Mira's offer to find the ring.
• B) Mira may not recover the money because she did not contact Kamal before she began her search.
• C) As Mira did not pay Kamal to keep the offer open, he is free to revoke the offer and not pay her anything.
• D) Mira accepted the ad as an offer for a unilateral contract by returning the ring and hence, Kamal is bound to pay her the $500.

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