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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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