Allison offers to give her granddaughter her home if her granddaughter will act as executor to her will. At her death, the granddaughter acts as executor of the will. Has a valid contract been formed? Please answer this question under classical contract theory (worth 3 points), Restatement (Second) of Contracts §45 (worth three points) and Restatement (Second) of Contracts §87(2)(worth 3 points)? Explain each of your answers. (Hint: Remember the granddaughter cannot act as the executor until the Allison dies).
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