Paula has employed Daniel for over 35 years as a sales professional for the company she owns. He is also a very close friend of hers. After a lengthy career with her company, Daniel has now put in his retirement papers and is looking for a nice place to spend the first few years of his retirement. Paula has owned a lakefront house in upstate New York for many years. Daniel has visited it several times when she would host company picnics or gatherings with friends there in the summer months. He thought it might be the perfect type of place to start his retirement if she would lease it to him. Daniel approached Paula a few days after his last day, asking if she would be willing to rent her lake home to him for $2,000 a month for the next 18 months. Paula orally agrees but says to him youve been one of my best sales professionals over this companys history and have made a number of major sales since we started. To thank you for that, Im going to let you live there for nothing. Daniel exuberantly thanks Paula, shaking her hand excitedly. A few days later Daniel went ahead and purchased a used $10,000 non-returnable fishing boat to use on the lake. He also rented some yard furniture for the upcoming summer months for $2,500 and hired movers for $2,500. After a few weeks, Paula tells Daniel that she has a tenant who is looking to rent the house for the year and now she cannot let him live there. Daniel is furious and now comes to the law office asking if there is anything that can be done. Is there a contract? Why or why not? Can Daniel recover anything? Why or why not?