Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

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Masters, an antique dealer, promised Shatraw, an international dealer in rare antiques, that if Shatraw could obtain some rare vases from India within three weeks, he would pay Shatraw's airfare to India to obtain them and, in addition to the cost of the vases, would give him a bonus of $1,000. Shatraw did obtain the vases within the three-week period and delivered them to Masters. However, when Shatraw requested his money, Masters claimed that there was no contract because of lack of consideration for the promise he made, and he would not pay Shatraw. Is Masters correct?