Which of the Following Is Not True Regarding a Promissory

question 24

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:

Unconstitutional Legislation

Laws or statutes that are found to violate principles outlined in the constitution.

State of Hawaii

A U.S. state located in the Pacific Ocean, known for its diverse landscapes, warm climate, and rich cultural history.

Airplanes

Vehicles designed to fly in the atmosphere with support from the air to counteract gravity.

First Amendment

A provision in the United States Constitution that prohibits the government from making laws respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, the press, the right to peaceably assemble, or to petition the government for a redress of grievances.