A promissory note differs from a bill of exchange in that a promissory note ________

A. cannot have a fixed date for payment
B. is not a written order to pay
C. is a two-party instrument
D. is always paid on demand

C

Business

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On a bank reconciliation, deposits in transit are added on the bank side of the reconciliation

Indicate whether the statement is true or false

Business

Of those assets distributed at death, which one of the following must pass through probate?

A) Assets distributed through the will B) Assets distributed through a living trust C) Assets distributed through a contractual transfer D) All of the assets described above must pass through probate.

Business