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:

Population

A collection of the same species members who live and reproduce together in a specific location.

Diversity

The range of different species, genetic variations, and ecosystems within and between environments.

Response To Stimuli

The process by which organisms detect and react to changes in their internal and external environment.