Respondent Moët-Hennessy pledged in 1982 to contribute $25,000 each year for four years to the French-American Committee for the Restoration of the Statue of Liberty (FAC). In a writing memorializing the agreement, the pledge was expressly conditioned on the provision that the FAC "continues its work towards the restoration of the Statue." Moët paid the promised $25,000 in 1982 and 1983. In 1984, FAC was investigated for financial irregularities and the United States...
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