Ethics Case, there is an interesting case concerning consideration and a pledge. Please discuss your position on this case using legal concepts learned in this chapter and not just personal opinion, and any experience you may have had with something similar.

Ethics Case Ethical 11.3 Ethics Case Raymond P. Wirth of the estate alleged that the pledge was unenforceable signed a pledge agreement that stated that because of lack of consideration. The surrogate court in consideration of his interest in education, and in- denied Drexel's motion for summary judgment and tending to be legally bound," he irrevocably pledged dismissed Drexel's claim against the estate. Drexel ap- and promised to pay Drexel University the sum of pealed. Did the administrators of the estate of Wirth act $150,000. The pledge agreement provided that an en- ethically by refusing to honor Mr. Wirth's pledge? Was dowed scholarship would be created in Wirth's name, the pledge agreement supported by consideration and Wirth died two months after signing the pledge but be therefore enforceable against the estate of Wirth? In the ore any money had been paid to Drexel. When the es- Matter of Wirth, 14 A.D.3d 572, 789 N.Y.S.2d 69, 2005 tate of Wirth refused to honor the pledge, Drexel sued N.Y. App. Div. Lexis 424 (Supreme Court of New York, the estate to collect the $150,000. The administrators Appellate Division, 2005)