What Is the Effect of a Promissory Note Containing a Conditional

question 71

Multiple Choice

What is the effect of a promissory note containing a conditional promise?

• A) The note is void.
• B) The note is voidable.
• C) The note is enforceable even though it is nonnegotiable.
• D) The note becomes negotiable once the condition is met.
• E) The note is negotiable even though the promise is conditional.

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Definitions:

Leader Emergence

The process whereby certain individuals naturally become leaders in a group based on their skills, behaviors, or interactions with group members.

Set Goals

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Influence Others

The process of affecting the actions, beliefs, or attitudes of another person or group through persuasion or authority.

Visionary

An individual with a clear, distinctive, and specific future view, combined with the ability to communicate that vision in a way that influences others.