In Order to Be Negotiable,a Promissory Note Must Contain an Unconditional

question 44

Multiple Choice

In order to be negotiable,a promissory note must contain an unconditional ________.

• A) acknowledgement of debt with or without a promise to pay
• B) order to a drawee to pay a payee
• C) written promise to pay
• D) acknowledgement of debt with a conditional promise to pay

---

Definitions:

Investment Bankers

Professionals who work for financial institutions, facilitating mergers, acquisitions, and issuing of securities for corporations and governments.

Commercial Bankers

Professionals working in commercial banks that provide a variety of financial services including loans, deposits, and investment products to businesses and individuals.

Credit Raters

Agencies or entities that assess the creditworthiness of issuers of debt securities, determining their ability to make timely interest payments and repay the principal.

Sarbanes-Oxley Act

A U.S. federal law that aimed to protect investors by improving the accuracy and reliability of corporate disclosures.