Each question is hypothetical and is based in the US.

1.A high school graduate decided to and was very excited about taking a job at a welding shop. His grandmother told him that if he went to college instead, she would reimburse the graduate for tuition at the end of each semester. She also promised that if he earned all A grades in any semester, then she'll also buy him a car (a 2016 Dodge Dart). The graduate completed his first semester and earned a B+ average. He demanded the tuition and car. The grandmother said: "I only intended to show you that you can get good grades and an education, well done, I'm proud of you kid!" The graduate believes that he has a contract with the grandmother and wants to uphold the grandmother to her promise. Does the graduate have any breach of contract claims against the grandmother for the tuition and car? Explain.

2.David Belk, an accountant, decided to purchase a personal yacht - called SeaQueen - from his friend Jerry Springer, a famous artist in Tampa, FL. Jerry offered to sell SeaQueen for $500K. David needed two weeks to secure a loan to purchase the yacht and finalize the deal. On January 1^st, Jerry agreed and promised to take the yacht off the market for two weeks while David secured the loan. After three days, Jerry eventually decided to sell the yacht to his mentor, Audrey Wing, for $550K. On January 13^th, David contacted Jerry, left a voice mail and said: "I have secured the loan my friend, and I accept to purchase SeaQueen for $500K. I'll deposit the money in a couple days." Jerry heard the voicemail right away. Jerry texted David and said: "Sorry Dave, you snooze you lose, I sold it to my mentor."

A) Is there a contract formed between David and Jerry? Explain.

B) Now assume that Jerry (the seller) instead of being an artist, was a used yacht seller in Tampa. Would there be a contract formed between David and Jerry? Explain.