Which of the Following Is Not True Regarding a Promissory

question 205

Multiple Choice

Which of the following is not true regarding a promissory note?

• A) Promissory notes may not be transferred to another party by endorsement.
• B) Promissory notes may be sold to another party.
• C) Promissory notes give a stronger legal claim to the holder than accounts receivable.
• D) Promissory notes may be bearer notes and not specifically identify the payee by name.

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Definitions:

Cloud

A network of remote servers hosted on the Internet used to store, manage, and process data, rather than on local servers or personal computers.

Share Notes

The process of distributing or making notes accessible to others for collaborative purposes or information sharing.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through methods like teaching, training, storytelling, discussion, and directed research.

Wikis

Wikis are collaborative web pages that allow users to add, modify, or delete content via a web browser, often used for communal documentation and knowledge sharing.