Multiple Choice
Which of the following best describes a negotiable promissory note?
A) It is any promise to pay a fixed amount of money.
B) It is an unconditional promise to pay a sum of money.
C) It is a promise to pay a sum of money upon the happening of an event outside the control of the promisor.
D) It is an order to a third party to make a payment in order to discharge an obligation of the promisor.
Correct Answer:
Verified
Correct Answer:
Verified
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