If the Maker of a Promissory Note Fails to Pay

question 148

Multiple Choice

If the maker of a promissory note fails to pay the note on the due date, the note is said to be

• A) displaced
• B) disallowed
• C) dishonored
• D) discounted

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Definitions:

Expected

A term that denotes anticipation of a specific outcome based on previous knowledge, patterns, or statistics.

Isolated

Being separated from others; in a condition of solitude or remoteness.

Abandoned

Refers to something or someone left behind or given up on, often implying a lack or loss of support or care.

Dying Patient

Refers to a person in the final stage of life, often receiving palliative care to alleviate symptoms and improve quality of life.