The Legal Environment of Business: Text and Cases
The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 12, Problem 1BS
Summary Introduction

Case summary: A company, RM sponsored a marathon in which the prize money was $10,000. Company RM reserved the right to change or modify the terms and conditions at any time. Person M won the race. Company RM offered person M a prize of $1,000 instead of $10,000.

To find: Existence of a contract between company RM and person M.

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