The Code provides an exception to the executory promise rule in:
A) the giving of a negotiable instrument.
B) the making of an irrevocable obligation to a third party.
C) the lack of notice.
D) Both the giving of a negotiable instrument and the making of an irrevocable obligation to a third party are correct.

Question

The Code provides an exception to the executory promise rule in:
A) the giving of a negotiable instrument.
B) the making of an irrevocable obligation to a third party.
C) the lack of notice.
D) Both the giving of a negotiable instrument  and the making of an irrevocable obligation to a third party  are correct.

Quizplus · Accepted Answer

The Code allows exceptions to the executory promise rule for both the giving of a negotiable instrument and the making of an irrevocable obligation to a third party.

The Code Provides an Exception to the Executory Promise Rule