The Legislation Creating Promissory Notes Is Found in Which Statute

question 45

Multiple Choice

The legislation creating promissory notes is found in which statute?

• A) Promissory Notes Act.
• B) Bills of Exchange Act.
• C) Securities Act.
• D) Financial Instruments Act.
• E) Personal Property Security Act.

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Definitions:

Deregulated

Refers to the reduction or elimination of government power in a particular industry, usually to create more competition and increase efficiency.

Post Hoc

Post hoc, short for "post hoc ergo propter hoc," is a logical fallacy that assumes a cause-and-effect relationship simply because one event follows another.

Ergo Propter Hoc

A logical fallacy meaning "therefore, because of this," suggesting a cause-and-effect relationship where none exists.

Fallacy

A mistaken belief, especially one based on unsound arguments or logical errors.