People from the United States pledged $3.3 billion to support the rebuilding efforts in Haiti following the 2010 earthquake there.However,after 3 years,half of the money has not been dispersed,and nearly 500,000 people still live in tents.As a result,many who have made pledges have decided not to fulfill the remainder of their pledges because of the inaction on the part of the relief fund in getting the funds dispersed,the buildings rebuilt,and the housing constructed.
-What issue is there about whether there is a contractual obligation?

Question

Quizplus · Accepted Answer

A pledge to make a gift typically lacks consideration, which is a necessary element for forming a binding contract. In this context, the issue revolves around whether a pledge (which is essentially a promise to give something, in this case, money for rebuilding efforts) constitutes a contractual obligation when there is no consideration exchanged.

People from the United States Pledged $3