Crazy Eddie's mom recently died after naming Eddie the executor of her estate. Unfortunately, there is little money in the estate and his mom's doctors have started calling to get paid for their services. Eddie tells the doctors not to worry because he will pay the bills. However, Eddie's financial situation changes and he can't pay the bills. The doctors sue Eddie. Eddie wants to know if he has to pay his mom's bills. Please address the following questions.

1. Did Eddie enter into a valid contract? Please describe the three main elements of a contract and address whether each element exists here.
2. Does the fact that Eddie made an oral promise (not a written promise) have a legal significance here? In other words, if we assume that this is a contract, does this change your analysis? If you are missing any facts to answer the question, please tell me what assumptions you have made in your answer.