Each of the following is a characteristic of a promissory note except a(n)

A) maturity date that can be determined on the date the note is signed.
B) payee who has an unconditional right to receive a definite amount on a definite date.
C) maker who agrees to pay a definite sum subject to certain conditions.
D) amount to be paid that can be determined on the date the note is signed.


C

Business

You might also like to view...

Demand estimates prepared by companies are based on four different time periods

Indicate whether the statement is true or false

Business

When a company is showing a net loss, it is always best to discontinue the segment in order not to continue with losses

Indicate whether the statement is true or false

Business

Generally, when writing a first draft, you should

a. write slowly and deliberately, trying not to make mistakes. b. write intermittently as you think of new ideas. c. write rapidly with the intent to fix mistakes during the editing process. d. write over a period of days to maximize creativity.

Business

Work-in-process inventory builds up at the work station when ______.

a. load to a work center exceeds its existing capacity b. load to a work center is lesser than its existing capacity c. load to a work center is equal to its existing capacity d. load to a work center is zero

Business