A promissory note payable "on the day of the next presidential election" is

a. nonnegotiable.
b. unenforceable.
c. void.
d. negotiable.


D

Business

You might also like to view...

Describe psychological empowerment and how it relates to job performance.

What will be an ideal response?

Business

Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the issuance of stock to retire a long-term debt shown on the statement of cash flows?

A) Operating activity B) Investing activity C) Financing activity D) Noncash investing or financing activity

Business

A proponent of the ________ school of social responsibility would argue that efforts at pollution control and bringing equality of payment to the workforce are tasks of the government and not of the private sector, which is incapable of making such

choices and is not elected in a democratic society to do so. A) managerial B) regulation C) profit-oriented D) institutional

Business

Questions that begin with "what," "why," or "how" are:

a. abstract questions. b. rhetorical questions. c. closed questions. d. open questions.

Business