A Promissory Note Is Presented for Acceptance

question 59

True/False

A promissory note is presented for acceptance.

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Definitions:

SaaS

Short for Software as a Service, a cloud computing model wherein software applications are hosted by a service provider and made available to customers over the internet.

ASP

Application Service Provider, a business providing computer-based services to customers over a network such as access to a particular software application using a standard protocol like HTTP.

Vendor Hosts

Companies or individuals that provide services or technology platforms for other businesses or consumers.

Buy Option

The right, but not the obligation, to purchase something at a predetermined price within a specified timeframe.