1. Who is the maker of the promissory note discussed in the video? 2. Is the note...
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2. Is the note in the video payable on demand or at a definite time?
3. Does the note contain an unconditional promise or order to pay?
4. If the note does not meet the requirements of negotiability, can Onyx assign the note (assignment was discussed in Chapter 10) to the bank in exchange for cash?
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1 A promissory note is a promise made by one person the maker of the promise to another the payee In the video the note is payable to Onyx Advertising ...View the full answer
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Rashul Chutani
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Related Book For 
Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
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