Describe (a) the function of a promissory note and (b) explain its various parts and features.
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Q39: The maker accepts payment on a note
Q40: The maturity date during a leap year
Q41: When a buyer receives a time extension
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Q44: _ is a current liability and _
Q45: A buyer pays a note in full
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Q47: A note renewed at maturity would have
Q48: Additional time given to the payee to
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