Which of the Following Is True About a Promissory Note

question 54

Multiple Choice

Which of the following is true about a promissory note?

• A)It is a three-party transaction.
• B)It is not an order to pay.
• C)The party who makes the promise is the lender.
• D)The payee cannot transfer a note to a third party.

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Definitions:

Bin Width

The size of intervals in a histogram or bar chart, determining the range of values each bin or bar represents.

Lower Bin Limit

The minimum value within a bin or interval in frequency distribution or histogram.

Histogram

A visual chart that categorizes a collection of data points into specified intervals, indicating how often data appears within those intervals.

Standard Deviation

A procedure for calculating the extent of dispersion or variability among a group of data values.