Question 2 (1 point) Mr. Wealthy promises the Society for the Preservation of the Canadian Elk that he will give the Society $500,000, provided it names the new headquarters building after him. The President of the Society tells him that his generous donation will allow them to carry on their work protecting the Canadian Elk while getting decent working conditions for their staff. The president assures him, moreover, that the building will be named after Mr. Wealthy. Four months later, Mr. Wealthy suffers severe business reversals and decides to withdraw his promise. Since there was no consideration for his promise, Mr. Wealthy may revoke it at any time without being sued. Mr. Wealthy is morally obligated to give the money to the Society, so the courts would enforce the promise. The Society can enforce Mr. Wealthy's promise because it would not have begun to build the new headquarters if he had not made the promise. The Society can argue successfully that it gave consideration for his promise by naming the building after him as he requested, and Mr. Wealthy's argument that that was not adequate consideration for a promise to pay $500,000 will not succeed