Reference no: EM133591197

Question: Wanda and Patty were best friends in college. After college, Wanda became wealthy by starting a successful business in another city. Patty, how-ever, was poor and held a series of low-paying jobs as a waitress. When Wanda decided to marry, she asked Patty to be the maid of honor at her wedding. The wedding festivities were to be held over three days. Traditionally, a maid of honor has many duties in terms of helping to arrange the wedding. Being a maid of honor takes a great deal of time, effort, and personal expense. Patty reluctantly declined because she could not afford the travel expenses, and she would be fired from her waitressing job if she took three days off. Wanda could have hired a professional maid of honor. Such services exist and would typically cost $10,000 for a wedding of this type. However, it was very important to Wanda to have her best friend from college at the wedding since she loved Patty very much. Wanda said to Patty, "If you agree to be the maid of honor at my wedding, then I will pay all of your expenses plus $1,000 per day for the three days of festivities." Patty