An Advantage of Promissory Notes Over Some Other Forms of Finance

question 53

Multiple Choice

An advantage of promissory notes over some other forms of finance is that:

• A)entities selling a promissory note incur a contingent liability and are marketable.
• B)they are marketable.
• C)entities selling a promissory note incur a contingent liability.
• D)they can be long-term as well as short-term.

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Definitions:

Retain Job

The ability or action of maintaining one's position of employment.

Argumentum Ad Hominem

A logical fallacy where the argument is directed against a person's character rather than addressing the issue at hand.

Guilt by Association

The concept of assigning blame to an individual based on their associations or relationships rather than direct evidence of wrongdoing.

Begging the Question

A logical fallacy where the argument assumes the truth of the conclusion rather than providing evidence for it.