A Dishonored Note Receivable

question 153

Multiple Choice

A dishonored note receivable

• A)Is no longer negotiable.
• B)Must be written off by the lender.
• C)Creates a claim against the maker for the amount of principal only.
• D)Is one that is not paid in full within 10 days of maturity.

---

Definitions:

Defense Mechanism

Unconscious tactics employed to shield an individual from the distress tied to undesirable thoughts or emotions.

Sublimation

In psychology, sublimation refers to the process of channeling unacceptable impulses, thoughts, or emotions into more acceptable or productive behaviors.

Violent Impulses

Sudden urges to exhibit aggressive behaviors or actions, which can be a symptom of underlying psychological or neurological issues.

Collective Unconscious

A term by Carl Jung to describe structures of the unconscious mind shared among beings of the same species.