With regard to pledges and subscriptions, some courts have held that the consideration given by a charitable institution is the promise to use the money for the purpose for which it was donated.

Question

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Some courts have recognized that the consideration given by a charitable institution for pledges and subscriptions is the promise to use the donation for the stated purpose. This is known as the doctrine of charitable subscription.

With Regard to Pledges and Subscriptions, Some Courts Have Held