A Provision in a Promissory Note Payable One Year from Its

question 59

True/False

A provision in a promissory note payable one year from its date that the maker may extend the maturity date six months impairs the note's negotiability.

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Definitions:

CPM Network

A project management tool that uses critical path method to model tasks and their dependencies in a project to determine the optimum project schedule.

Crashing

A project management technique used to shorten the schedule duration for the least incremental cost by adding resources to critical path tasks.

Crash Cost

The additional cost incurred to reduce the duration of a project activity or the entire project.

Normal Duration

The typical time it takes to complete an activity or task under normal circumstances, without any delays or accelerations.