Unformatted text preview: supported by consideration? Holding : affirm; Rule : Roy Notes : Charitable subscription – an oral or written promise to do certain acts or to give real or personal property to a charity or for a charitable purpose. To enforce a charitable subscription or a charitable pledge, a party must establish that there was a promise to give some property to a charitable institution and that the promise was supported by consideration or reliance. • Difference between consideration and reliance – reliance is not bargained-for; consideration is bargained-for. • Court – there is reliance; you could argue that there is a bargained-for exchange. •...
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This note was uploaded on 04/10/2011 for the course LAW 501 taught by Professor Roy during the Fall '08 term at Ole Miss.
- Fall '08