Problem
After years as a struggling artist, Kate wins a national competition for her painting "Lindenwood in Blue." Simone, an internationally renowned artist, has been Kate's artistic teacher and mentor for several years. In recognition of Kate's accomplishments, Simone hosts a reception for Kate displaying Kate's works. At the reception, Simone announced that she was making a gift of $75,000 to Kate in recognition of her hard work. Kate wants to use the $75,000 to open an art studio. Kate finds space to rent in a trendy art area of the city enters a long-term lease for the studio space. Kate also paid a $2000 deposit for the studio space. Simone does not agree with Kate's plans and decided not to give her the $75,000. Kate comes to you for legal advice as she is now obligated on a long term lease. What are Kate's chances of making Simone honor her promise? Explain your answer.