The Code provides an exception to the executory promise rule in which of the following situations?
A)The giving of a negotiable instrument.
B)The making of an irrevocable obligation to a third party.
C)Lack of notice.
D)Both (a) and (b) are correct.
E)None of the above.

Question

Quizplus · Accepted Answer

The exception is provided in case of (a) the giving of a negotiable instrument or (b) the making of an irrevocable obligation to a third party. Therefore, both (a) and (b) are correct.

The Code Provides an Exception to the Executory Promise Rule