Karl, Robin's champion male German Shepherd, has been missing for two days. Robin posted an offer of a $1,000 reward for Karl's return throughout the two-kilometre radius surrounding his home. What is the correct legal term for the type of contract Robin has offered to enter into?

Question

Quizplus · Accepted Answer

Robin has offered a unilateral contract, which is a promise to pay a reward in exchange for the act of returning Karl. In this case, only one party (the person who returns Karl) can accept the offer and perform the requested act to receive the reward.

Karl, Robin's Champion Male German Shepherd, Has Been Missing for Two