A Provision in a Promissory Note Payable One Year from Its

question 35

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:

Projection

A defense mechanism where an individual ascribes their own unacceptable thoughts, feelings, or motives to another person.

Repression

A defense mechanism where unpleasant thoughts, memories, or desires are excluded from conscious awareness.

Defence Mechanism

Psychological strategies used by individuals to cope with reality and maintain self-image by unconsciously denying or distorting reality.

Repression

A defense mechanism where an individual unconsciously pushes disturbing thoughts, desires, or experiences out of conscious awareness.