Which one of the following statements is true?
A) As a promissory note is a one-name paper, only the buyer is required to endorse it.
B) If a bank agrees to accept it, a corporation can issue a promissory note.
C) Usually, initial buyers of promissory notes hold them until maturity.
D) Typically, a promissory note will be issued for 90 days.

Question

Quizplus · Accepted Answer

The Answer of Which one of the following statements is true?
A) As a promissory note is a one-name paper, only the buyer is required to endorse it.
B) If a bank agrees to accept it, a corporation can issue a promissory note.
C) Usually, initial buyers of promissory notes hold them until maturity.
D) Typically, a promissory note will be issued for 90 days.

Which One of the Following Statements Is True