When Referring to a Note Receivable or Promissory Note

question 24

Multiple Choice

When referring to a note receivable or promissory note,

• A) the maker is the party to whom the money is due
• B) the note is not considered a formal credit instrument
• C) the note cannot be factored to another party
• D) the note may be used to settle an accounts receivable

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Definitions:

Maxillae

Appendages used for manipulating food; characteristic of crustaceans.

Metamorphosis Cycle

The process of transformation from an immature form to an adult form in two or more distinct stages, commonly observed in insects and amphibians.

Competition

The interaction among two or more individuals that attempt to use the same essential resource, such as food, water, sunlight, or living space. See interspecific and intraspecific competition. See interference and exploitation competition.

Ecdysozoa Clade

A group of protostome animals known for undergoing ecdysis, the shedding of the outer cuticle layer, including arthropods and nematodes.