Question
Which of the following is not true regarding a promissory note? a. Promissory notes may not be transferred to another party by endorsement. b. Promissory
Which of the following is not true regarding a promissory note?
a. Promissory notes may not be transferred to another party by endorsement.
b. Promissory notes may be sold to another party.
c. Promissory notes give a stronger legal claim to the holder than accounts receivable.
d. Promissory notes may be bearer notes and not specifically identify the payee by name.
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Get StartedRecommended Textbook for
Human Biology
Authors: Sylvia S. Marder, Michael Windelspecht
13th edition
73525480, 978-0073525488
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