The Most Common Application of the Doctrine of Promissory Estoppel

question 26

True/False

The most common application of the doctrine of promissory estoppel is to charitable subscriptions,such as pledges to churches,memorials,college buildings,and hospitals.

---

Definitions:

Willing

Ready, inclined, or favorably disposed toward taking a particular action or supporting a particular stance.

Valid Gift

A legally recognized transfer of property or assets from one individual to another without the expectation of payment or compensation.

Real Property

Real estate comprising the ground and any structures or natural features permanently affixed, such as homes and foliage.

Properly Executed Deed

A legal document that has been completed correctly, meeting all necessary formalities to transfer ownership of property.