Scenario: Employer promised to pay Employee a $10,000 annual pension for the remainder of Employee's life, beginning with the time of Employee’s retirement. In return, Employee promised to pay Employer $100 per year for each of the years he continues to work until retirement.
Employee relied on this promise and took out a mortgage on a retirement house. Three years later Employee retired; Employer refused to honor his promise to pay Employee the $10,000 annual pension.
Employee wants to sue Employer for breach of contract.
Analyze the agreement. Does Employee have a valid claim against Employer for a breach of contract? Why or why not?