Are gary and budy obligated to pay for the condo, Business Law and Ethics

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Are gary and budy obligated to pay for the condo

Problem

Gary and Budy want to vacation in Florida. Gary's grandfather owns a condo in Florida. Gary and Budy are both 17. Gary and Budy contract to pay Gary's grandfather $1,500 to rent his condo. The week before Gary and Budy are arrested and unable to travel. Are Gary and Budy obligated to pay $1,500 for the condo?

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