In a 1 to 2 page Microsoft Word document, explain the concepts related to the weekly lecture and readings in connection with this case study.
Joseph got into some trouble with the police when he was a teenager. He dropped out of college and did not have a steady job at age 22. Joseph’s grandfather was very concerned, so he promised Joseph that if he got a steady job, did not break the law again, and would go back to college, he would pay Joseph $20,000. Would the various promises on Joseph’s part constitute valid consideration for the payment of the $20,000? Explain some of the issues of law that may affect the outcome of this case.