1. Peter Parker loves dressing up as Spiderman, but his real passion is playing the piano. When Doctor Strange heard him play recently, he determined to help Peter advance his career as a pianist. This made Peter happy, as playing the piano was a lot more fun to him than swinging from buildings with spiderweb and fighting crime. Peter told Doctor Strange that that to get really superb at piano playing, he needed to get some training from a world-class pianist to improve his technique and style. Peter contacted a well-known concert pianist, Marshmello, but did not hire him because he couldn't afford Marshmello's fee of $200 an hour. Doctor Strange told him: "What?!? Nothing but the best for you, my dear Peter. I am going to pay for your lessons and will send you a check for $20,000 tomorrow. That will be enough for 100 lessons. Peter thanked him and said, "Doctor Strange, when I become the world's greatest pianist, I'll always save you the best seat in the house!" To this, Doctor Strange replied, "That would be awesome! I accept and will hold you to it!"

Do Peter and Doctor Strange have a contract?

1. Yes. These are valid gifts from one party to another, and therefore, valid as adequate consideration.
2. Yes. This was a valid offer and acceptance, with adequate consideration given from both parties.
3. No. This agreement contains a conditional promise that cannot possibly be fulfilled.
4. No. This exchange involves a gratuitous promise.