The Code Provides an Exception to the Executory Promise Rule

question 8

Multiple Choice

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.

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Definitions:

Substance Use Disorders

A range of conditions that affect an individual's ability to control their use of substances such as drugs or alcohol.

Neuroticism

A personality trait characterized by tendencies toward emotional instability, anxiety, moodiness, worry, and sadness.

Extraversion

A personality trait characterized by outgoingness, high energy, and being socially oriented.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.