Under the UCC which of the following statements is sufficient to make a promise or order to pay conditional?
A) "I promise to pay from the corporate account."
B) "I promise to pay as per the contract for the sale of goods between the parties."
C) "I promise to pay because I owe the money."
D) "I promise to pay if the following occurs."
E) "Borrower may pay without penalty all or a portion of the amount owed earlier than it is due."

Question

Quizplus · Accepted Answer

A promise or order to pay is made conditional under the UCC if it explicitly states a condition to payment. Choice D, "I promise to pay if the following occurs," clearly introduces a condition that must be met for the obligation to pay to arise, making it conditional.

Under the UCC Which of the Following Statements Is Sufficient