Even If a Promissory Note Is Incomplete at the Time

question 5

True/False

Even if a promissory note is incomplete at the time a maker signs it, the maker is still obligated to pay.

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Definitions:

Boundaryless Organizations

Companies that remove traditional barriers between departments as well as barriers between the organization and the external environment.

Internal Boundaries

Guidelines and distinctions set within an organization to delineate responsibilities, roles, and departments.

External Environment

External factors, forces, situations, and events outside the organization that can affect its performance and strategies.

Bureaucracy

A rational and efficient form of organization founded on logic, order, and legitimate authority.