The Code Provides an Exception to the Executory Promise Rule

question 61

Multiple Choice

The Code provides an exception to the executory promise rule in:

• A) the making of an irrevocable obligation to a third party.
• B) the giving of a negotiable instrument.
• 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.

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Definitions:

Sociocultural Perspective

A psychological approach that emphasizes the influence of societal and cultural factors on individual behavior and mental processes.

Psychodynamic Perspective

A psychological approach that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Cognitive Perspective

An approach in psychology that emphasizes the importance of mental processes in how people perceive, remember, think, and solve problems.

Learning Perspective

A theoretical viewpoint that emphasizes the role of experience and learning in shaping behavior.