Bongani, who is a well-known entrepreneur, also studies at Regent. One day, while on Campus, he lost his wristwatch which he recently bought for R250 000. He printed notices (which he displayed on all notice boards on Campus) in which he offered a reward of R10 000 to any person who may find and return his watch to him. Peter, who is an admirer of Bongani, found the watch in the male cloak rooms, recognized it as belonging to Bongani, and returned it to him without knowing about the reward. Four days later, Peter found out about the reward which had been offered. He approached Bongani for the reward, but the latter refused to pay. Will Peter be successful in claiming the reward by means legal action? Explain.

Use IRAC to answer (28 marks )