Multiple Choice
Which of the following is not true regarding a promissory note?
A) Promissory notes may not be transferred to another party by endorsement.
B) Promissory notes may be sold to another party.
C) Promissory notes give a stronger legal claim to the holder than accounts receivable.
D) Promissory notes may be bearer notes and not specifically identify the payee by name.
Correct Answer:
Verified
Correct Answer:
Verified
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