Question: A note receivable or promissory note cannot be factored to another party. is not a formal credit instrument. has the party to whom the moncy

A note receivable or promissory note
cannot be factored to another party.
is not a formal credit instrument.
has the party to whom the moncy is due as the maker.
may be used to settle an accounts receivable.
A note receivable or promissory note cannot be

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