A ________ is an exception in promissory notes, as it does not require the maker's unconditional and affirmative promise to pay.
A) trade acceptance
B) collateral note
C) remittance advice
D) certificate of deposit
Correct Answer:
Verified
Q31: Mike deposited $100,000 in a bank and
Q32: Which of the following is true of
Q33: Roger, a lawyer, borrowed money from Jax
Q34: In a draft transaction, the payee is
Q35: In a draft transaction, the payee or
Q37: A check is a type of promissory
Q38: Mike deposited $100,000 in a bank and
Q39: Roger, a lawyer, borrowed money from Jax
Q40: Acceptance of drafts can be done orally.
Q41: Security posted by a promissory note maker
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