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:

Muscular Tension

Physical strain or discomfort in the muscles, often resulting from overexertion or stress.

Primary Prevention Activities

Initiatives designed to prevent problems or health issues before they occur, rather than treating them after they have developed.

Distress

A state of emotional or physical pain or suffering.

Positive Well-Being

A state of general happiness and satisfaction with life, characterized by positive emotions and a sense of purpose.