If the maker of a note does not pay or renew a note at maturity, the note is said to be
A) dishonored.
B) discounted.
C) discontinued.
D) dismantled.

Name: If the maker of a note does not pay or renew a note at maturity, the note is said to be A) dishonored. B) discounted. C) discontinued. D) dismantled.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

When a maker of a note fails to pay or renew the note at maturity, it is said to be dishonored. This means that the payment obligation has not been fulfilled as promised.

If the Maker of a Note Does Not Pay or Renew