The following scenario addresses potential contractual disputes involving a contract for a nonprofit organization. Please read carefully and complete a written assignment as directed below:
Gerard, an events promoter and coordinator, promises to stage a concert for the benefit of Kids Care, a charitable organization dedicated to helping disadvantaged youth. In reliance on the anticipated receipts, Kids Care contracts for the construction of a residence for homeless teens. After the concert, Gerard tells Kids Care that he has decided not to donate the receipts to the organization.
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Is Gerard’s promise enforceable despite the lack of consideration? Explain.