Case Summary:

William Storey Sr$.$ promised his nephew, William Storey II$,$ that he would pay him $ $5,000$ if his nephew avoided drinking, using tobacco, swearing, and playing cards and billiards for money until he became $21$ years old. The nephew agreed to the offer and kept his part of the brain. At age $21,$ he wrote to his uncle and asked for the $$5,000.$ The uncle acknowledged the promise and praised his nephew for keeping his part of the bargain but did not pay the money then. A short time later, the uncle did. The executor of his estate refused to pay the nephew, claiming that the contract was invalid due to the lack of consideration. Was the nephew's promise to avoid drinking, using tobacco, swearing, and playing cards and billiards for money until he became $21$ legal consideration?

Important Note: At the time of this case, the legal drinking and gambling age was $18.$

Questions:

Find the Principle of Law $-$ What are the legal terms$/$concepts from Contract Law that we learned in this case? Name and define them. Hint: There are two main terms to identify.

Determine the Decision $-$ Apply the legal terms$/$concepts found in this case and apply them to the situation in the case. Then, using only the info provided in the summary, would the court favor the nephew or the uncle's estate?