Multiple Choice
Which of the following is true of a promissory note?
A) It is an evidence of repayment of debt.
B) It is a note denying the credit.
C) It is an evidence of extension of credit.
D) It is a note of acknowledgement of debt.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q24: A _ is a three-party instrument that
Q79: One of the fundamental requirements for a
Q81: A _ is a special form of
Q82: A(n)_ allows a payee or holder to
Q83: Hannah has to repay $4,678 to Ray.She
Q85: A promissory note is an order to
Q86: Harry orally promises to pay $7,543 that
Q87: A promissory note is an unconditional written
Q88: A primary function of a negotiable instrument
Q89: Which of the following is a similarity