Which of the Following Is True of a Promissory Note

question 1

Multiple Choice

Which of the following is true of a promissory note?

• A)It is a three-party transaction.
• B)It is not an order to pay.
• C)The party who makes the promise is the lender.
• D)The payee cannot transfer a note to a third party.

---

Definitions:

Creative Immortality

The concept that an individual's creative work or ideas can achieve lasting recognition or memory beyond their lifetime.

Experiential Immortality

The psychological concept that through memories, actions, or impacts on the world, individuals can achieve a form of immortality in the minds of others.

Natural Immortality

The philosophical or religious belief that the soul or spirit exists perpetually beyond the death of the physical body.

Analytically

Relates to processing or approaching problems with logical reasoning, breaking down complexities into understandable components.