A promissory note
A) describes the property being hypothecated.
B) is the primary evidence of a loan.
C) is an agreement not to do a certain thing.
D) is not negotiable when secured by a mortgage.

Name: A promissory note A) describes the property being hypothecated. B) is the primary evidence of a loan. C) is an agreement not to do a certain thing. D) is not negotiable when secured by a mortgage.
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Question

Quizplus · Accepted Answer

A promissory note is the primary evidence of a loan.

A Promissory Note