Multiple Choice
Which of the following best describes a negotiable promissory note?
A) Any promise to pay a fixed amount of money.
B) An unconditional promise to pay a sum of money.
C) A promise to pay a sum of money upon the happening of an event outside the control of the promisor.
D) An order to a third party to make a payment in order to discharge an obligation of the promisor.
E) Both B and C are true.
Correct Answer:
Verified
Correct Answer:
Verified
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