Drafts Can Be Negotiated from Party to Party; However,a Promissory

question 93

True/False

Drafts can be negotiated from party to party; however,a promissory note,if used as an extension of credit,cannot be freely negotiated.

---

Definitions:

Commercial Insurers

Private entities that provide a range of health insurance plans and policies to individuals and businesses, operating for profit.

Actuarial

Pertaining to actuaries or the statistical and mathematical methods they use to calculate risk, especially in the insurance and finance industries.

Community Risk

The potential for harm or adverse effects on a community due to external or internal variables.