Issue:

The issue here is whether Lawrence is legally obligated to pay John the reward for returning his lost
wallet, considering that John found the wallet without prior knowledge of the reward.

Rule:

Under US business law, the offer of a reward generally constitutes a unilateral contract, where
acceptance of the offer is made by performing the requested action (in this case, returning the lost
wallet). The essential elements of a unilateral contract include an offer, acceptance through
performance, and consideration.

Application:

In this scenario, Lawrence advertised in the local newspaper offering a reward for the return of his lost
wallet. By doing so, Lawrence made a unilateral contract, indicating his intent to offer a reward to
anyone who returns the wallet. When John found the wallet and returned it to Lawrence, he fulfilled the
acceptance requirement by performing the requested action, which in turn completes the contract.

However, the crucial aspect is whether John knew about the reward before finding the wallet. If John
was aware of the reward offer before finding the wallet, his act of returning the wallet could be seen as
accepting the offer with knowledge of the reward, strengthening his claim to the reward. In this case,
John's awareness of the reward before finding the wallet could be construed as consideration for his
performance, further solidifying his entitlement to the reward.

Conclusion:

Lawrence is likely legally obliged to pay John the reward for returning the wallet since John fulfilled the
requirements of the unilateral contract by performing the requested action. However, if John was aware
of the reward before finding the wallet, his entitlement to the reward would be even stronger due to his
acceptance with knowledge of the reward, providing additional consideration for his performance.

Lawrence advertises in the local newspaper that he has lost his expensive wallet and offers a reward of
cash. John who has not read the advertisement finds the wallet and returns it to Lawrence. John later
finds out that there is a reward for the return of the wallet and he asks Lawrence for the cash reward Is
Lawrence legally obliged to pay John the reward? Explain whether your answer would be ditferent if
John knew of the reward before he found Lawrence's wallet?

Lawrence quảng cáo trên tờ báo địa phương rằng anh ta đã đánh mất chiếc ví đắt tiền của mình và treo

thưởng bằng tiền mặt. John chưa đọc quảng cáo đã tìm thấy chiếc ví và trả lại cho Lawrence. John sau đó

phát hiện ra rằng có một phần thưởng cho việc trả lại chiếc ví và anh ấy yêu cầu Lawrence phần thưởng

bằng tiền mặt. Liệu Lawrence có nghĩa vụ pháp lý phải trả phần thưởng cho John không? Giải thích xem

câu trả lời của bạn có khác không nếu John biết về phần thưởng trước khi anh ấy tìm thấy ví của

Lawrence?