Asked by
Raeya Moehring
on Dec 18, 2024
Verified
Which of the following charitable pledges will be sufficient to find consideration on the part of the recipient?
A) A $100 pledge made via telephone.
B) A $100 pledge made via a website.
C) A $500 pledge made via a mail in response card.
D) A $4,000 pledge made in a meeting with the recipient.
E) None of these amounts are sufficient.
Charitable Pledges
Promises to donate a specific amount of money or resources to a charity or non-profit organization.
Consideration
The value, in the form of money, goods, services, or a promise thereof, that is exchanged between parties as part of a contract.
- Acquire knowledge about the situations in which a freely given promise can be legally upheld.
Verified Answer
BD
Learning Objectives
- Acquire knowledge about the situations in which a freely given promise can be legally upheld.