Notes Payable and Accounts Payable Are Written Promises to Pay

question 2

True/False

Notes payable and accounts payable are written promises to pay an amount owed by a certain date. Notes payable generally have interest but accounts payable generally do not.

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Definitions:

Appeal To Force

A logical fallacy that uses the threat of force or intimidation to convince others to accept a conclusion.

Fallacy

A misleading or flawed argument that makes an error in reasoning.

Threat

An indication or warning of probable trouble, danger, or disaster.

Appeal To Force

A logical fallacy where one tries to win an argument by using threats or force instead of persuasion.