With respect to pledges and subscriptions,courts have generally held that these promises are:
A) unenforceable.
B) enforceable.
C) enforceable only in cases involving amounts greater than $500.
D) unenforceable if it is not made for a reasonable period of time.

Question

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Courts have generally held that pledges and subscriptions are enforceable contracts, as long as there is a definite promise to give, a definite amount or method of calculation, and acceptance of the promise by the recipient. The enforceability is not dependent on the amount. However, if the promise is not made for a reasonable period of time, it may not be enforceable.

With Respect to Pledges and Subscriptions,courts Have Generally Held That