Question

Bicester University (“BU”) is a university established in Singapore. Gregory is the manager of Bicester University Football Club (“BUFC”). BUFC is one of a group of 20 football teams from tertiary institutions in the Tertiary Football League (“TFL”). The TFL season starts shortly after the academic year for the tertiary institutions commences and ends before each academic year. You may assume that there is a standard academic season for ALL tertiary institutions in Singapore.

Gregory is also a lecturer in History at BU’s School of Business whilst his colleague, Herbert is a lecturer in Applied Physics at BU’s Medical School. Their work duties are independent of each other such that neither gentleman will be able to assist the other in discharging any of his duties in BU.

Herbert is a staunch supporter of BUFC and both gentlemen bond over football.

Before the start of this academic season, Herbert meets the Invincible Investor (“Ian”). In the course of their conversation, Ian confesses that he too is a football fan but thinks that Newton University who is coached by Friendly Ah Mei would be champion. Ian tells Herbert, “If BUFC becomes champion, you can collect $30,000.00 from me anytime.” Herbert replies, “Thank you for your offer. I look forward to collecting the $30,000.00 come November when BUFC is crowned champion.”

The next day, Herbert tells Gregory of Ian’s offer and his own acceptance. He adds to Gregory, “Bro, I am counting on you for my $30,000.00.”