Question
Determine if the instrument's promise or order to pay is conditional or unconditional. When an instrument makes the duty to pay dependent on the completion
Determine if the instrument's promise or order to pay is conditional or unconditional.
When an instrument makes the duty to pay dependent on the completion of the construction of a building.
a. conditional b. unconditional
An order to pay the money out of an expense account.
a. conditional b. unconditional
An instrument payable from an account that will be established when the sale of a home occurs.
a. conditional b. unconditional
If a note states, this note is secured by a mortgage on the property located at Wells Fargo.
a. conditional b. unconditional
If the promise to pay is contingent upon payment from a business partner.
a. conditional b. unconditional
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
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