Question: A promissory note cannot be factored ( sold ) to another party. may be used to settle accounts receivable. is not a formal credit instrument.

A promissory note
cannot be factored (sold) to another party.
may be used to settle accounts receivable.
is not a formal credit instrument.
has the party to whom the money is due as the maker.
A promissory note cannot be factored (sold) to another party. may

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