Eton Executes a Preprinted Promissory Note to First Bank Without

question 34

Multiple Choice

Eton executes a preprinted promissory note to First Bank without filling in the due date. The bank does not complete the form by adding the date. The note is

• A)not payable.
• B)payable on demand.
• C)payable thirty days after issue.
• D)payable at the election of the maker.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain behaviors with consequences.

Unpredictable Basis

Lacking a consistent or predictable foundation, often leading to random or variable outcomes.

Reinforces

Strengthens behavior through the use of positive feedback or consequences, making the behavior more likely to occur in the future.

Fixed-Ratio Schedule

A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses have been made.