John and lori finstad granted ransom-sargent water users an option to purchase their farmland and drill water wells. the option also permitted the finstad’ s to lease the property for up to ten years, provided they only use the land for pasture purposes. four years later, ransom-sargent terminated the finstad’s lease rights, because the finstad’s had tilled up some of the land in order to continue receiving government farm payments, the finstad’s signed a new contract with ransom-sargent permitting the finstad’s to lease the land for one year and to collect government payments for that year. by signing the contract, they also avoided a lawsuit with ransom-sargent. the contract included a release of all rights the finstad’s had to lease the property under the original option agreement. the following year, ransom-sargent accepted bids to lease the land. after they were not awarded the lease, the finstad’s sued ramson-sargent, alleging that their second contract was not supported by consideration and that their original option to lease should be upheld. were they correct?