Allegheny College v. National Chautauqua County Bank
From wikilawschool.net. Wiki Law School does not provide legal advice. For educational purposes only.
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.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.
Resources