Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A promissory note gives the holder a stronger legal claim than one on an accounts receivable. As a result, it is easier to sell to
A promissory note gives the holder a stronger legal claim than one on an accounts receivable. As a result, it is easier to sell to another party. In other words, promissory notes are __________ instruments, which means they can be transferred to another party by endorsement.
It'd be great if you could give me 2-3 answers for this blank!
I think only one word should be in the blank, but I am not sure.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started