Henry purchased an automobile from Fast Motors,and as a part of the payment,gave Fast Motors a promissory note in the amount of $4,000.
-If the promissory note is negotiated to Friendly Finance Company,the company,as a holder,may enforce payment.

Question

Quizplus · Accepted Answer

As a holder of the promissory note, Friendly Finance Company has the legal right to enforce payment according to the terms of the note.

Henry Purchased an Automobile from Fast Motors,and as a Part