When the maker promises to repay the note in specified installments, the note is a(n) :
A) fixed payment note
B) property note
C) installment note
D) real estate property note
E) collateral note
Correct Answer:
Verified
Q273: A sight draft is:
A) also known as
Q274: When a draft guarantees payment for goods
Q275: Under Article 3 of the UCC, a
Q276: When real estate is used as collateral
Q277: When a note is to be paid
Q279: When real estate is used as collateral
Q280: The most common use of drafts is
Q281: _ are drafts that mature on the
Q282: A _ is one who lends money
Q283: A _ is one who lends money
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