The doctrine of cy pres allows administrators of the, Econometrics

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The doctrine of cy pres allows administrators of the

Suppose the conditions of a charitable donation become illegal (for example, land donated for a city park to be open to whites only) or otherwise infeasible. The doctrine of cy pres allows administrators of the charitable foundation to adopt an alternate use "within the general scope of the donor's intent" (Posner 1998a, 557). Does this doctrine make economic sense?

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