Examlex
Which of the following is not a type of operating asset?
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specific future date.
Good Faith
Good faith refers to an honest intention to act without taking an unfair advantage over another party, often used to denote sincerity in negotiations or in fulfilling contractual obligations.
Failure of the Forklift
Failure of the forklift refers to the breakdown or malfunctioning of a forklift vehicle, which can impact operations, primarily in warehousing and logistics.
Limit Negotiability
Refers to conditions or restrictions that impair the ability to freely transfer or negotiate a financial instrument.
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