Which of the following exists if the maker of a promissory note fails to pay the note on the due date?
A)a discounted note
B)a depreciated note
C)an amortized note
D)a dishonored note

Question

Quizplus · Accepted Answer

If the maker of a promissory note fails to pay the note on the due date, it is considered as a dishonored note. A dishonored note is a promissory note that is not paid on the due date, which can result in legal action and damage to the credit of the borrower.

Which of the Following Exists If the Maker of a Promissory