Which of the following is a way of disposing of a note receivable?
A) Honoring it on maturity date.
B) Selling it to receive cash before the maturity date.
C) Default by the maker.
D) All of these are ways to dispose of notes receivable.

Question

Quizplus · Accepted Answer

All the options listed are ways to dispose of a note receivable: honoring it at maturity, selling it before maturity, or default by the maker.

Which of the Following Is a Way of Disposing of a Note