Chapter 12, Problem 1BS

Summary Introduction

Case summary: A company, RM sponsored a marathon in which the prize money was $\text{\$}$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 $\text{\$}$1,000 instead of $\text{\$}$10,000.

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