Explain why you think simon and chloe did

Assignment Help Business Law and Ethics

Reference no: EM133233063

Question: Simon Student was a freshman student who just recently purchased his Business Law textbook. He was studying in the library and decided to take a short break away from his study desk. When he returned to his desk five minutes later, his textbook was gone. Simon decides to send an email to all students at his college stating, "I will pay $10 to anyone who returns my Business Law textbook to me." The same day, Chloe Clever responds to Simon's email in writing, "I will bring your textbook to you for $10, if I find it." Chloe Clever discovers Simon's textbook the next day below a study desk in the library. She brings the textbook to Simon, who refuses to pay her $10.

Must Simon pay Chloe $10 because the two of them entered into a valid binding contract? Explain why you think Simon and Chloe DID or DID NOT enter into a contract.

Reference no: EM133233063

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