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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
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Which of the following is NOT true about a Promissory Note, as compared to Accounts Receivable:
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It is collectible sooner
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It provides the holder with periodic interest payments
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It acknowledges the debt in writing
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It has stronger legal standing, so holds up better in court
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