A dishonored note receivable
A)Is no longer negotiable.
B)Must be written off by the lender.
C)Creates a claim against the maker for the amount of principal only.
D)Is one that is not paid in full within 10 days of maturity.

Question

Quizplus · Accepted Answer

A dishonored note receivable is no longer negotiable because it has not been paid at maturity, meaning it cannot be transferred or endorsed to another party.

A Dishonored Note Receivable