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What is Adequacy of Consideration in Contracts about?
Tam found a lost cat matching a description in an advertisement posted by Alia offering a reward. When Tam returned the cat, Alia refused to pay the reward, arguing her ad was merely an invitation to treat. Under contract law, an advertisement offering a reward in exchange for returning a lost item constitutes a valid offer, not merely an invitation to treat. When Tam performed the requested act of returning the cat, a binding contract was formed and he is entitled to the promised reward. Precedent suppor
- Author
- zakuan79
- Language
- EN