Alice is 17 years old and beginning her senior year of high school Alice really wants to go to senior week with her friends in Ocean City after high school graduation, but she doesnt have any money. Prior to senior year starting, Alices aunt promises to pay Alice $5,000 if she receives all As (in each class throughout her senior year) AND if Alice abstains from consuming any alcoholic beverages until she turns 18. Alices uncle separately promises to pay Alice $2,500 if she applies to college. Alice says I will think about it.

Alice contacts a rental agency in Ocean City. She tells the rental agency that she is 17, then Alice signs a contract with the rental agency to rent a condo during senior week. No deposit is required. The cost to rent the condo is $3,000 and is due on the day of scheduled check-in.

A week later, Alices uncle dies. At the funeral, Alice tells her aunt that she accepts her aunts offer and her uncles offer.

Alice works hard in school and achieves all As. She also applies to four colleges. At her high school graduation party though, Alice drinks alcohol (Alice is still 17).

Alices aunt refuses to pay Alice the $5,000. Alices uncles estate refuses to pay Alice the $2,500. Alice calls the rental agency and says she is not going to be able to pay. Alice stays home during senior week.

Discuss whether a valid contract exists between Alice and her aunt; whether a valid contract exists between Alice and her uncle; and whether a valid contract exists between Alice and the rental agency. Will Alices aunt be required to pay the $5,000 to Alice? Will Alices uncles estate be required to pay the $2,500 to Alice? Will Alice be required to pay the $3,000 rental fee to the rental agency? Fully discuss all elements of each potential contract and any potential other issues presented herein.