When the maker promises to repay the note in specified installments, the note is a:
A) fixed payment note
B) property note
C) collateral note
D) real estate property note
E) none of the other choices are correct
Correct Answer:
Verified
Q262: A sight draft is:
A) also known as
Q263: A(n) _ is a legally binding written
Q264: The most common use of drafts is
Q265: When a note is to be paid
Q266: When personal property is used as collateral
Q268: A(n) _ is a legally binding written
Q269: According to the UCC, a draft may
Q270: Under Article 3 of the UCC, a
Q271: When a draft guarantees payment for goods
Q272: The draft that requires immediate payment by
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