Facts: Over the course of 14 years, Peter Dementas helped Jack Tallas with numerous personal and business chores. Two months before his death, Tallas dictated a memorandum to Dementas, in Greek, stating:

PETER K. DEMENTAS, is my best friend I have in this country and since he came to the United States he treats me like a father and I think of him as my own son. He takes me in his car grocery shopping. He drives me to the doctor and also takes me every week to Bingham to pick up my mail, collect the rents and manage my properties. For all the services Peter has given me all these years, I owe to him the amount of $50,000 (Fifty Thousand Dollars.) I will shortly change my will to include him as my heir.

Tallas signed the memorandum, but he did not in fact alter his will to include Dementas. Dementas sued on the promise contained in the memorandum.

Issue: Whether Tallas's promise to change his will to include a gift of $50,000 to Dementas was supported by consideration from Dementas.

Rule: Consideration is the inducement, price, or promise that causes a person to enter into a contract and forms the basis for the parties' exchange. Thus, consideration is a promise of something of value given by a promissor in exchange for something of value given by a promisee.

Application: [You supply this.]

Conclusion: [You supply this.]

How do I do the Application and Conclusion to this?