1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darya [45]
4 years ago
7

A promise to make a gift for a charitable or educational purpose is unenforceable unless and until the institution to which to p

romise was made incurs obligations by relying on the promise. This exception is usually justified on the basis of either _____ or _____.
Business
1 answer:
xz_007 [3.2K]4 years ago
7 0

Answer:

This exception is usually justified on the basis of either promissory estoppel or public policy.

Explanation:

There are many Judicial devices and one of them is the Estoppel. In common law, there are legal systems which allow a court to use this device to prevent a person (corporate or individual) from making pronouncements or from defecting on their promise.

 

With regard to public policy, courts in recent cases have reached conclusions that pledges are legally enforceable regardless of whether or not the recipient of the promise has incurred liabilities based on the pledge, and that, the only way to ensure compliance with requirements of the law, a test of public policy is to ensure the promise is made good.

This thought holds true in Ohio where for example, a pledge has the same weight as a promissory note.

According to precedence established in Pennsylvania, any written promise can be enforced regardless of whether or not the pledger intends to be legally bound.

Cheers!

     

You might be interested in
Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e
Tanya [424]

Answer:

Explanation:

If these two companies were to behave as individual profit maximizers, both company will  advertise regardless of whether the other company advertises or not because their goal primary goal is to increase the profit and domination of the market.

7 0
3 years ago
I have a signed contract with one company this company sold my contract to another company that did the work and it wasn't done
schepotkina [342]
In specifics, it depends on the written up sales contract that the first company arranged with the one that did the work. But personally, I'd blame the second company. Personal opinions don't matter when it comes to legal matters though.. sorry.
7 0
4 years ago
1. What is capital ?
Vlad1618 [11]
Capital is a different way to call Money
6 0
4 years ago
Delta Lighting has 30,000 shares of common stock outstanding at a market price of $15 a share. This stock was originally issued
pochemuha

Answer:

the weighted average cost of capital is 11.57 % .

Explanation:

Market Value of Equity = Number of Common Shares Outstanding × Market Price per share

                                      = 30,000 shares × $15

                                      = $450,000

Market Value of Debt = Face Value × 82%

                                    = $280,000 × 82%

                                    = $229,600

WACC = Ke × (E/V) + Kd × (E/V)

           = 14.00 % × ($450,000/ $679,600) + 6.80 %  × ($229,600/ $679,600)

           = 9.27 % + 2.30 %

           = 11.57 %

3 0
3 years ago
In business, failure usually means what? A. The market wasn't saturated enough. B. The company was unethical. C. The customers h
Pie
Hi!

Usually, in the business world, the reason for failure is due to the company running out of money this can be a culmination of all the reasons listed above or for other reasons, but a company is not really considered a failure until it runs out of money.

-<span>ASIAX </span><span>  </span><span>Frequent Answerer</span>
5 0
3 years ago
Read 2 more answers
Other questions:
  • The idea of _____ is a form of innovation that constantly seeks ways to improve business processes and add value to products and
    7·1 answer
  • A customer complains that he was short changed by you receiving only 13 cents change from 2 dollars instead of 31 cents. what wo
    11·1 answer
  • What are three reasons why the United Nations forces on quality of life for all individuals
    11·1 answer
  • First-mover disadvantages refer to:__________
    8·2 answers
  • Summer Nights sells bottles of bug spray for $ 9.00 each. Variable costs are $ 4.00 per​ bottle, while fixed costs are $ 40 comm
    7·1 answer
  • To estimate the value of a nonconstant growth stock, we can estimate the value of each dividend during the period of nonconstant
    6·1 answer
  • A jacket potato vendor charges $3.92 per potato sold. The variable cost of each potato served is $1.21. The stall has a fixed co
    13·1 answer
  • Colin listed his assets and liabilities on a personal balance sheet.
    8·2 answers
  • Doing more with less in terms of resources invested in business, and, where possible, controlling the resources without owning t
    7·1 answer
  • Querrey Incorporated and Ronno Incorporated conduct business in a foreign country that imposes a 3 percent VAT. Querrey produces
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!