A Note Payable Is in the Form of

question 212

Multiple Choice

A note payable is in the form of

• A) a contingency that is reasonably likely to occur.
• B) a written promissory note.
• C) an oral agreement.
• D) a standing agreement.

---

Definitions:

Matched Set

Items that are manufactured or selected to work together optimally, often referring to parts that are used together in machinery or systems.

U-joint Fails

The failure of a universal joint, a crucial component in the drivetrain of a vehicle, leading to a loss of connection between the driveshaft and the differential or gearbox.

Never-Seize Compound

A protective lubricant designed to prevent seizing, galling, and corrosion between metal parts in extreme conditions.

Setting Caps

Devices or components used to cover or enclose the end of a tube, pipe, or connector, often for protective or sealing purposes.