A note receivable is a negotiable instrument which: a. can only be collected by a bank. b.
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Question:
- A note receivable is a negotiable instrument which:
- a. can only be collected by a bank.
- b. eliminates the need for a bad debt allowance.
- c. takes the place of checks in a business firm.
- d. can be transferred to another party by endorsement.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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