Multiple Choice
Which one of the following statements is true?
A) As a promissory note is a one-name paper, only the buyer is required to endorse it.
B) If a bank agrees to accept it, a corporation can issue a promissory note.
C) Usually, initial buyers of promissory notes hold them until maturity.
D) Typically, a promissory note will be issued for 90 days.
Correct Answer:
Verified
Correct Answer:
Verified
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