Question: A note is a promise by the _ _ _ _ _ _ of the note to pay a _ _ _ _ . A

A note is a promise by the ______ of the note to pay a ____. A) maker ; payee B ) maker ; drawee C ) drawer; drawee D) drawer ; payee E) drawer payor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

A promise made by a bank to pay a payee a certain amount of money at a future time is called a note draft novation check 5 ) certificate of deposit

Q:

There are four kinds of instruments: draft, check, promissory note, certificate of deposit. A draft is a three-party instrument. This means three persons are involved in the transaction. A draft is...

Q:

Green Thumb Landscaping, LLC (Green Thumb) is a large-scale landscaping service. Green Thumb executed 20 promissory notes in favor of Equipment Finance Company (EFC) for equipment purchased for use...

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Q:

Larry London (LL) buys a computer with his new store credit card at Greatest Get (GG). GG immediately sells the right to receive monthly payments from LL to a finance company, Friendly Finance (FF)....

Q:

Abby Novel signed a handwritten note that read, "Glen Gallwitz 182002 loaned me $5,000 at 6 percent interest a total of $10,000.00." The note did not state a time for repayment. Abby used the funds...

Q:

Analyze the promissory note below. Write at least a one complete sentence summarizing and explaining each paragraph of the note without using quotes. Also, identify the parties to the instrument and...

Q:

For the given actual case journal, answer the following questions: 1. What is the claim of the respondent/petitioner in the case? 2. What is/a re the evidence to support the claim of the...

Q:

An accounting procedure that (1) estimates and reports bad debt expense from credit sales during the period of the sales and (2) reports accounts receivable at the amount of cash inflow that is...

Q:

The following is a list of terms and definitions associated with receivables: 1. Direct write-off method 2. Maker 3. Allowance method 4. Maturity value 5. Promissory note 6. Aging schedule 7. Payee...

Q:

Find the time functions that have the following Laplace transforms: (a) (b) (c) F(s)=10+ 4 s +1 e ss+3XS +4)

Q:

In 2007, Best Buy reported revenue of $35,934 million. Its gross profit was $8,769 million. What was the amount of Best Buys cost of merchandise sold?

Q:

_ _ _ _ _ _ _ _ are shares for which the issuing entity has the right to "buy back" the shares at a specified price and future date. Question content area bottom Part 1 A . Callable preferred shares...

Q:

Free cash flow valuation You are evaluating the potential purchase of a small business with no debt or preferred stock that is currently generating $ 4 2 , 7 0 0 of free cash flow ( F C F 0 = $ 4 2 ,...