Which of the following is true of a promissory note?
A) it is the same as a deed of trust
B) it is a promise to pay
C) it is security for the deed of trust
D) it is attached to a deed
Answer: B) it is a promise to pay
Business
You might also like to view...
Life insurance proceeds can be directly assigned to beneficiaries, thus passing outside the will
Indicate whether the statement is true or false.
Business
Explicit collusion exists when firms directly communicate with each other to coordinate their levels of production or their prices and is legal in most countries
Indicate whether the statement is true or false
Business