Aunt Sipatory offered to pay her nephew $10,000 for attending and completing high school with a 4.0 GPA. Nephew N. Pharby Tween replies that he will only do it if Sipatory agrees to pay him $10,000 and buy Tween a brand new Mustang. Nephew's conditional acceptance has created a valid contract.

Question

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Creation of a valid contract requires offer, acceptance, and consideration. A conditional acceptance is actually not an acceptance at all; rather, it is a rejection of the offer. No contract exists between Aunt Sipatory and Tween.

Aunt Sipatory Offered to Pay Her Nephew $10,000 for Attending