To Qualify as a Charitable Deduction, the Donation Must Be

question 55

True/False

To qualify as a charitable deduction, the donation must be made by cash or by check.

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Definitions:

Equitable Remedies

Judicial solutions provided by courts in situations where legal remedies or monetary compensation are insufficient to resolve a dispute, ensuring fairness and justice.

Limitations

Limitations refer to the restricted time period within which legal action must be initiated, as dictated by statutes of limitations.

Request

The act of politely or formally asking for something.

Promissory Estoppel

The principle that when a gratuitous promise to do something in the future causes a person who relies on that promise to incur an expense, the promisor will not be allowed to enforce other contractual rights that are inconsistent with that promise; the promise can only be used as a defense by the promisee; also known as equitable estoppel.