Was there a binding contract between barbara and aunt renee

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Reference no: EM133652371

Assignment:

Barbara entered college two years ago at the age of 22. At the time, her Aunt Renee, concerned about the reports of excessive drinking by college students, promised to pay her $5,000 if she did not drink any alcoholic beverages during her first year of college. Barbara did not consume any alcohol during her first year, and when she reported this to Aunt Renee and asked for her reward, Aunt Renee responded, "I have changed my mind about giving you the money. Don't be disappointed. Sobriety is reward enough." Answer the following question:

Was there a binding contract between Barbara and Aunt Renee? If yes, what kind of contract? If No, why not?

Reference no: EM133652371

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