Which of the Following Is True About a Promissory Note

question 18

Multiple Choice

Which of the following is true about a promissory note?

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

---

Definitions:

Freud's View

Refers to the theories and perspectives of Sigmund Freud, focusing on psychoanalysis, the unconscious mind, and the influence of childhood experiences on adult personality.

Wish Fulfillment

A psychoanalytic concept suggesting that dreams represent the unconscious fulfillment of repressed desires.

Role-Playing Theory

The concept that people learn and adapt behaviors based on the roles they are expected to play in society, which can influence their identity and social interactions.

Divided-Consciousness Theory

A hypothesis in psychology that suggests the mind can operate on more than one level of awareness simultaneously.