Which of the following statements best describes charitable subscription promises?

Question

Quizplus · Accepted Answer

Charitable subscription promises are generally enforceable if the charity relied or can show a probability of reliance on the promise. This is because charitable subscriptions are considered to have economic value to the charity, unlike gifts. While they may not be legally enforceable as contracts, the charity can seek equitable remedies if the donor does not fulfill their promise.

Which of the Following Statements Best Describes Charitable Subscription Promises