A Note Receivable Is a Written Promise by the Maker

question 229

True/False

A note receivable is a written promise by the maker to the payee to pay a specified amount of money at a definite time.

Parse the impacts of physical demands and task demands on workplace stress.

Know the differences in stress responses among personality types and their implications on health and recovery.

Understand strategies for modifying behavior patterns related to stress, including for individuals with Type A behaviors, and the importance of personality hardiness in resisting distress.

Differentiate between the various defenses to tort claims.

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Definitions:

Statute Of Limitations

A federal or state statute setting the maximum time period during which a certain action can be brought or certain rights enforced.

Consideration

Something of value exchanged between parties in a contract, which is required for the agreement to be legally binding.

Estopped

Barred, impeded, or precluded.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has relied upon it to their detriment.