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    Business Law Study Set 7
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    Exam 22: Creation of Negotiable Instruments
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    If a Promissory Note Is Secured by a Piece of Real
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If a Promissory Note Is Secured by a Piece of Real

Question 3

Question 3

Multiple Choice

If a promissory note is secured by a piece of real estate, then the note is called a(n) ________.


A) collateral note
B) mortgage note
C) demand note
D) installment note

Correct Answer:

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