Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The impostor rule is an exception to
Q39: If the issuer and the person paying
Q46: Laura is in possession of a check
Q51: What is negotiation? How does one become
Q52: A forged or otherwise unauthorized signature necessary
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Q61: The courts will never presume a negotiation
Q64: One who is in possession of a
Q66: Time paper that states it is due
Q68: The requirements for negotiation are the same