Question: TREECE #2 : Treece appeared before the State Gambling Commission at his hearing to obtain a license to sell punchboards. Punchboards are similar to scratch

TREECE #2: Treece appeared before the State Gambling Commission at his hearing to obtain a license to sell punchboards. Punchboards are similar to scratch off lottery tickets and are sometimes sold at places like the Elks or other organizations to raise money. At the hearing he said, Ill pay $100,000 to anyone who finds a crooked board. If they find it, I will pay it. A reporter happened to be at the hearing and reported the above on television. Barnes saw the news story on television. He had obtained 2 fraudulent punchboards years ago. He presented them to Treece and demanded $100,000. Treece refused to pay the $100,000. [from Barnes v. Treece, 549 P.2d. 1142 (Wash.App. 1976)].

What is the consideration in the transaction?

		None because there is no offer.
		Money ($100,000) for punch boards.
		None because there is no contract formed.
		None, it is illegal to collect crooked punch boards.

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