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Which of the following is NOT true about a Promissory Note, as compared to Accounts Receivable: It is collectible sooner It provides the holder with

  • Which of the following is NOT true about a Promissory Note, as compared to Accounts Receivable:

    • It is collectible sooner

    • It provides the holder with periodic interest payments

    • It acknowledges the debt in writing

    • It has stronger legal standing, so holds up better in court

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