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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.


Definitions:

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A political and economic philosophy advocating free markets, deregulation, and the reduction of government intervention in the economy.

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