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Business Law

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On June 1, Jason Thomas placed an announcement in The Local Journal offering a reward of $100 to anyone who found and returned his missing wallet. When his wallet had not been returned by June 15, Jason purchased another wallet. Jason then took steps to obtain duplicates of his driver’s license, credit cards, and other items he had lost. On June 15, Jason placed another announcement in The Local Journal revoking his $100 reward. The second announcement (revoking the reward) was the same size as the original reward, and in the same location of the newspaper. Frank Pippin saw the first reward but did not see the revocation of the reward. Frank Pippin had found returned Jason’s wallet on June 16, and requested the $100 reward. Jason did not accept the wallet and refused to pay Frank. Jason claimed that he had properly revoked his reward (offer). Frank sued Jason for the $100 reward. Explain in great detail the results of Frank’s lawsuit (ie: what theory would Frank be suing under and what defenses or “holes” Jason could poke into Frank’s cause of action). Also explain how you arrived at your final conclusion regarding the lawsuit.

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