Each of the Following Is a Characteristic of a Promissory

question 19

Multiple Choice

Each of the following is a characteristic of a promissory note except a(n)

• A)maturity date that can be determined on the date the note is signed.
• B)payee who has an unconditional right to receive a definite amount on a definite date.
• C)maker who agrees to pay a definite sum subject to certain conditions.
• D)amount to be paid that can be determined on the date the note is signed.

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Definitions:

DEA

Short for Drug Enforcement Administration, a United States federal agency responsible for combating drug smuggling and use within the country.

Enforcement Power

The authority given to entities to ensure compliance with laws, regulations, or standards.

Narcotics

Drugs that induce sleep or numbness and have the potential for addiction or abuse, often used for pain relief.

Not Planned

A situation or event that occurs without prior intention or arrangement.