Charitable Subscriptions by Which Individuals Make Pledges to Finance the Construction

question 21

True/False

Charitable subscriptions by which individuals make pledges to finance the construction of a college building,a church or another structure for charitable purposes are binding to the extent that the donor should have reasonably realized that the charity was relying on the promise in undertaking the building program.

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Definitions:

Acceptance May Consist

Acceptance in a contract can take various forms, including actions or performance in line with the contract's terms.

Valid and Enforceable

Legally binding and capable of being executed or implemented under the law.

Voluntary Consent

Knowing and voluntary agreement to the terms of a contract. If voluntary consent is lacking, the contract will be voidable.

Same Bargain

The agreement or deal that was originally made or intended by the parties involved, without any alterations.