Multiple Choice
What is the effect of a promissory note containing a conditional promise?
A) The note is void.
B) The note is enforceable even though it is nonnegotiable.
C) The note becomes negotiable once the condition is met.
D) The note is negotiable even though the promise is conditional.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: A sight draft that arises when credit
Q9: A promissory note for the purchase of
Q10: Which of the following is true about
Q11: Karen has a checking account at First
Q12: Both a sight draft and a time
Q14: Which of the following correctly describes a
Q15: Which of the following statements,if it appeared
Q17: Which of the following best describes a
Q18: If one instrument stated,"Pay to the Order
Q79: What problems hinder any efforts to establish