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Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who captured or provided information leading to the capture of Victor. Ted, a police officer in town, promised Safe Bank officials that he would apprehend Victor. While on duty, Ted arrested Victor at a hamburger joint in town. He found Victor based upon a hunch he had after Ursula, who dated Victor, told him about various places Victor enjoyed eating. The bank refuses to pay either Ursula or Ted any of the reward money. In a lawsuit between the bank and Ted, regarding the reward funds, who is likely to prevail and why?

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Answer:

The question is incomplete; the options are as follows:

A. The bank is likely to prevail because Ursula only provided past consideration.

B. The bank is likely to prevail because Ursula was tainted by being Victor's girlfriend.

C. The bank is likely to prevail because no valid bilateral contract existed.

D. Ursula is likely to prevail because a valid bilateral contract existed.

E. Ursula is likely to prevail because an enforceable unilateral contract exists based on her provision of information leading to the capture of Victor. is Correct

Explanation:

Seeing that they are in a unilateral contract, the performance is consideration for the promise, whereas the promise is consideration for the performance, an agreement by which one party makes a promise in exchange for the performance of another.

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