Question: Masters, an antique dealer, promised Shatraw, an international dealer in rare antiques, that if Shatraw could obtain some rare vases from India within three weeks, he would pay Shatraw's airfare to India to obtain them and in addition to the cost of the vases would give him a bonus of $1,000.
Shatraw did obtain the vases within the three-week period and delivered them to Masters. However, when Shatraw requested his money, Masters claimed that there was no contract because of lack of consideration for the promise he made and would not pay Shatraw. Is Masters correct?