Jim agreed to pay Jose $1,000 by check, provided he is able to sell his farm. However, he did not mention the number of days it would take for him to sell the farm nor did he provide a contingency date. Which of the following is legally permissible in this scenario?
A)Jose can take possession of Jim's farm as repayment.
B)Jim's promise to pay is valid as he has offered Jose the money.
C)Jim can write and deliver a check to Jose for $1,000 but he cannot cash the check until Jim sells the farm.
D)Jim's promise to pay is conditional and therefore Jose should obtain a negotiable instrument.

Question

Quizplus · Accepted Answer

Jim's promise to pay is conditional upon the sale of the farm, so Jose should obtain a negotiable instrument to ensure payment once the condition is met.

Jim Agreed to Pay Jose $1,000 by Check, Provided He