Allegheny College v. National Chautauqua County Bank: Difference between revisions
From wikilawschool.net. Wiki Law School does not provide legal advice. For educational purposes only.
mNo edit summary |
No edit summary |
||
| Line 7: | Line 7: | ||
About 90% of college student receive student loans and grants. Some students receive endowed named scholarships from donors. | About 90% of college student receive student loans and grants. Some students receive endowed named scholarships from donors. | ||
In the 1920s, Allegheny College conducted a fundraising drive. | |||
|issues=May [https://scholarships360.org/scholarships/what-is-an-endowed-scholarship/ endowed named college scholarships] from donors form the basis on an enforceable contract? | |issues=May [https://scholarships360.org/scholarships/what-is-an-endowed-scholarship/ endowed named college scholarships] from donors form the basis on an enforceable contract? | ||
|rule=When a charitable subscription is made, and the charity relies on the promise, a promissory estoppel may result from the assumption of duty to apply the fund as a substitute for [[Contracts/Consideration|consideration]]. | |rule=When a charitable subscription is made, and the charity relies on the promise, a promissory estoppel may result from the assumption of duty to apply the fund as a substitute for [[Contracts/Consideration|consideration]]. | ||
Revision as of 14:15, July 19, 2023
| Allegheny College v. National Chautauqua County Bank | |
| Court | Court of Appeals of New York |
|---|---|
| Citation | 159 N.E. 173 |
| Date decided | 1027 |
Facts
Defendant promised to donate to plaintiff college, and they relied on her promise.
About 90% of college student receive student loans and grants. Some students receive endowed named scholarships from donors.
In the 1920s, Allegheny College conducted a fundraising drive.Issues
May endowed named college scholarships from donors form the basis on an enforceable contract?
Rule
When a charitable subscription is made, and the charity relies on the promise, a promissory estoppel may result from the assumption of duty to apply the fund as a substitute for consideration.
