menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    A Promissory Note Is an Unconditional Written Order by One
Solved

A Promissory Note Is an Unconditional Written Order by One

Question 91

Question 91

True/False

A promissory note is an unconditional written order by one party (the drawer)that orders a second party (the drawee)to pay money to a third party (the payee).

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q86: Which of the following is not one

Q87: An instrument that is bearer paper can

Q88: To prevent the risk of loss from

Q89: An instrument that is nonnegotiable is unenforceable.

Q90: A qualified indorsement can be either a

Q92: An indorsement can be both blank and

Q93: Drafts can be negotiated from party to

Q94: Kathy endorses a check for which she

Q95: A bearer instrument requires both an endorsement

Q96: Is the following instrument negotiable? "On January

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines