Examlex

Solved

In a Class, Nerd, Clown, Princess and Jockey Are All

question 19

Multiple Choice

In a class, nerd, clown, princess and jockey are all examples of


Definitions:

Liable

Legally responsible or obligated.

Promissory Note

A written and legally binding promise to pay a specific sum of money to a designated party at a specified time or on demand.

Endorsed

The act of signing one's name on the back of a document, typically a financial instrument, indicating approval or transfer of rights.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money either on demand or at a set time, with the payee’s name mentioned on it.

Related Questions