7. Mr. Lucy had wanted to purchase Mr. Zehmer's Farm for several years. One night while both parties were out at a bar, Lucy told Zehmer that he bet Zehmer wouldn't accept $50,000.00 for the farm. Zehmer replied that he would, but that he bet Lucy wouldn't pay $50,000.00 for it. After an evening of casual conversation and many glasses of whiskey, Lucy got Zehmer to draw up a contract for the sale of the farm for $50,000.00 which both parties signed. When Lucy later attempted to enforce the agreement, Zehmer refused to sell, arguing that he had been drunk and that the agreement to sell the property had just been a joke. Lucy sued to enforce the agreement. Will Lucy prevail? Why or why not? Be sure to discuss each of the elements required for an agreement to be deemed a legally enforceable contract.