In an action by Tertius against Pater to recover $1,000 plus interest, which of the following statements would summarize Pater's best defense?
His conditional promise to Tertius was not made for the primary purpose of benefiting himself (Pater).
The loan by Tertius was made without any agreement concerning the applicable interest rate.
He received no consideration for his conditional promise to Tertius.
His conditional promise to Tertius was not to be performed in less than a year from the time it was made.