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Each of the Following Is a Characteristic of a Promissory

Question 19

Multiple Choice

Each of the following is a characteristic of a promissory note except a(n)


A) maturity date that can be determined on the date the note is signed.
B) payee who has an unconditional right to receive a definite amount on a definite date.
C) maker who agrees to pay a definite sum subject to certain conditions.
D) amount to be paid that can be determined on the date the note is signed.

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