What Is the Effect of a Promissory Note Containing a Conditional

question 13

Multiple Choice

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

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

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Definitions:

Functionalism

A theoretical perspective in sociology and psychology that explains social institutions and structures by the functions they perform in society or an organism.

Clinical Psychology

A branch of psychology focused on diagnosing and treating mental, emotional, and behavioral disorders through various therapies and interventions.

Psychological Disorders

Patterns of behavioral, cognitive, emotional, or physical symptoms that lead to distress, disability, or impairment in daily functioning.

Problematic Patterns

Repeated behaviors or habits that are harmful or obstructive to one's well-being or social functioning.