In New York Otis F.Wood,is a top New York advertising agent whose clients included major commercial clients as well as celebrities.Lucy,Lady Duff-Gordon,otherwise known as"Lucile"(her couture label),is a leading designer of fashions for high society as well as the theater and cinema and was a survivor from the Twin Towers in the9/11terrorist attack.Lady Duff-Gordon signed a contract with Wood giving him the exclusive right to market clothing line and other products bearing her endorsement for one year beginning on April1,2015.This contract gave Lucy Duff Gordon half of all revenues thus derived.Wood's only duties under the contract were to account for monies received and secure patents as necessary-but if Wood did not work to market the clothes,no monies would be received,and no patents would become necessary.Around the same time,Duff-Gordon came up with an idea to market a line of clothing"for the masses"and broke the purported agreement by endorsing products sold byAmazonand Wood sued,and Lucy defended on the grounds that no valid contract existed and therefore since Wood had not made an express promise to do anything,Lucy contended that the agreement was invalid and could not be enforced for lack of consideration.The trial court disagreed with her argument and found for Wood but was reversed by the Appellate division and Wood then appealed to the Court of Appeals of New York,the Supreme Court in the state,which then considered whether an agreement with a promise not expressly stated might still require performance of that promise on account of the context of the contract.Please explain your thoughts using the IRAC method outlined in the announcements.