Which of the Following Statements Is False Regarding Promissory Notes

question 8

Multiple Choice

Which of the following statements is false regarding promissory notes?

• A)They are sometimes used to extend past-due accounts.
• B)They can be resold to banks.
• C)They must be held by the maker until maturity.
• D)They are often received upon the sale of machinery and automobiles.

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Definitions:

Anonymous Class

A temporary class that is declared and instantiated in a single statement without using a named class.

Specific Interface

A specific interface in programming refers to a defined set of methods that a class must implement, catering to precise functionalities required by the application architecture.

Implements

A keyword in Java used to indicate that a class is going to implement an interface, thereby agreeing to adhere to the contracts of the interface.

UML

Stands for Unified Modeling Language, a standardized modeling language used in software engineering to visualize the design of a software system.