Part B $($Chapter $12)$: The attached questions deal with the element of consideration. Did each party exchange something of sufficient legal value to meet the element of consideration and thus create a contract? Do not examine other aspects of the agreements, just the element of consideration.

$1.$ Amy is concerned that her friend Bill is addicted to playing video games on his cell phone. To help cure his addiction, Amy offers to pay Bill $$1000$ if Bill refrains from playing video games on his phone for an entire week. Bill accepts her offer, and the next week, he goes on a high$-$country backpacking trip, where there is no cell phone reception. After returning and telling Amy about the amazing experience he had, Bill demands $$1000.$ Amy refuses, arguing that the trip was good for him, so he did not provide any consideration in return for her promise to pay $$1000.$ Did both parties provide adequate consideration to create a binding contract? Explain why or why not.