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    Mergers Acquisitions Study Set 1
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    Exam 13: Financing the Deal
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    The Promissory Note Commits the Borrower to Repay the Loan
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The Promissory Note Commits the Borrower to Repay the Loan

Question 129

Question 129

True/False

The promissory note commits the borrower to repay the loan, only if the assets when liquidated fully cover the unpaid balance.

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