Gratuitous Promise

A promise is an assurance that one will carry out the act he or she has committed to another. Businesses should adapt to a contractual agreement with large sums of money donations, not only does it guarantee that donation but also a promise is followed through from one who has initiated the donation within that agreement it should state one who receives the donation should make a gesture of gratitude, an agreement between both parties involved before making it public knowledge, and what both parties will benefit.

With large sums of money being donated, I think its best to put it in writing (contract) where the receiver (National Art Center) is guaranteed to receive the donation from the donator (Alexie Yashin) and the receiver should in return

(FindLaw) Alexie Yashin made this promise of donating one million dollars to the National Art Center with the stipulation of a “consulting fee” paid to the order of his parents of an amount of $425,000 dollars, which he later stated after he announced the tremendous some of money he would be donating without the consideration of the National Art Center or the public’s reaction. His carelessness of his stipulation has caused the center to repudiate Alexie’s clause. Alexie should be bound to pay this donation he had promised because he did in fact pledge to donate and made it publicly aware of this matter with the intention of leaving out the stipulation to public knowledge. If Alexie had considered donating to the National Art Center, with the uncertainty of his decision of doing so, he should have not made this knowledge public or to the center until he was absolute sure of his decision. If the following event had happened where he is discussing with the Center executives of this donation, he should have brought the stipulation forward before both parties agree to make the announcement to the