July 10, 2012, the following ad appeared in the newspaper: "Male Collie, age 2, lost near Highway 85 and Laurens Road, $250 reward. Call 654-1909." In July of 2014, someone returns the dog. The owner:
A) must pay the reward
B) must pay the reward unless a cancellation notice regarding the reward was published
C) does not have to pay the reward unless the person can show that they saw the ad
D) does not have to pay the reward⎯too much time has passed for there to be a contract
E) does not have to pay the reward because the dog is dirty

Question

Quizplus · Accepted Answer

Too much time has passed since the ad was published, which likely means the offer for the reward has lapsed, and there is no longer a valid contract.

July 10, 2012, the Following Ad Appeared in the Newspaper