An executory promise does not constitute sufficient value to make the promisor a holder.

Question

Quizplus · Accepted Answer

An executory promise means that the promise is not yet fulfilled or completed, and therefore it does not count as sufficient value to make the promisor a holder. This means that the promise is not yet fully legally binding and cannot be used as a basis for a claim or as a form of consideration. Therefore, the answer is true, and the correct option is A.

An Executory Promise Does Not Constitute Sufficient Value to Make