Question
A promissory note is a _____ instrument in which one person, known as the _____, makes a(n) _____ promise in writing to pay another person,
A promissory note is a _____ instrument in which one person, known as the _____, makes a(n) _____ promise in writing to pay another person, the _____, a person specified by that person, or the bearer of the instrument, a fixed amount of money, with or without interest, either on demand or at a specified, future time.
Multiple Choice
two-party; maker; conditional; drawee
three-party; drawer; conditional; payee
three-party; drawer; unconditional; drawee
two-party; maker; unconditional; payee
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
