Failure by a Promissory Note's Maker to Pay the Amount

question 47

Multiple Choice

Failure by a promissory note's maker to pay the amount due at maturity is known as:

• A) Protesting a note.
• B) Closing a note.
• C) Dishonoring a note.
• D) Discounting a note.
• E) Depreciating a note.

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Definitions:

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