Which One of the Following Is Not One of the Possible

question 37

Multiple Choice

Which one of the following is not one of the possible kinds of notes?

• A) Non-interest-bearing note
• B) Interest-bearing notes
• C) Installment notes
• D) Bank notes

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Definitions:

Actual Price

The real, final amount paid for goods or services, including all discounts, charges, and taxes.

Assurance of Performance

A guarantee or promise that certain conditions will be met or certain results will be achieved in a contractual agreement.

Repudiated

To reject, refuse to accept, or be associated with, often in relation to a contract or agreement.

Excavation Corporation

A company engaged in the business of removing earth, rock, or other materials from a site to construct buildings, roads, or to mine resources.