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Petes Manufacturing Is Hesitant to Extend Trade Credit to Ramon

Question 121

Multiple Choice

Petes Manufacturing is hesitant to extend trade credit to Ramon Drake.Instead,Ramon agrees to sign a promissory note.Petes prefers this note because


A) it specifies when the goods will be delivered.
B) the money will still be paid if Brendan declares bankruptcy.
C) it is a legally binding and enforceable agreement.
D) it is a form of commercial paper.
E) it will receive the money from Brendan much sooner.

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