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    Exam 26: A: Liability,defenses,and Discharge
  5. Question
    On January 1,Kane Issues a Note Payable to Lorena on May
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On January 1,Kane Issues a Note Payable to Lorena on May

Question 6

Question 6

Multiple Choice

On January 1,Kane issues a note payable to Lorena on May 1.On April 29,Kane dies.In this situation,the note is


A) dishonored.
B) payable immediately.
C) payable within a reasonable time.
D) payable May 1.

Correct Answer:

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