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You receive an email from Fozzie Bear, an employee of Her Majesty's Imperial Bank in Brisbane, Australia. He informs you that he is the bank's head auditor, and has isolated a long dormant account in the amount of US$4,552,155.24. He further informs you that the accountholder died many years ago without any heirs. With the assistance of another employee, he tells you that he can arrange for a transfer of the funds to your US account. In return for his services, he only asks for a 20% fee. If you accept Fozzie's offer, will you under US law have an enforceable contract?
a. Yes, but I would want a written agreement.
b. Yes, we'll both get consideration out of the arrangement.
c. No, the subject matter of this contract is probably illegal under US law.
d. Yes, but only if I give the money to charity.
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Identify the levels of measurement
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At current prices, the won or lost in dollars, today? Do not assume transaction costs. The won or lost in Dollars Fund? What was the annual discount rate at which the bond was purchased by the Fund Soles?
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