Which of the following statements is most accurate concerning charitable subscription promises?
A) They are generally not enforceable.
B) The courts equate them with gifts.
C) They are generally enforceable if there is reliance by the charity.
D) The Restatement uses a strict reliance requirement in relation to charitable subscriptions.

Question

Quizplus · Accepted Answer

Charitable subscription promises are generally enforceable if there is reliance by the charity. This means that if the charity relies on the promise and incurs expenses or takes actions in furtherance of the subscribed purpose, the subscriber can be held liable to fulfill their promise. The courts do not equate these promises with gifts, as they involve a contractual obligation to donate. While there is a reliance requirement, it is not necessarily strict and can vary by jurisdiction.

Which of the Following Statements Is Most Accurate Concerning Charitable