Accounting · Bills of Exchange
Which of the following is a true characteristic of a Promissory Note?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It involves three primary parties: drawer, drawee, and payee.
- 2It does not require acceptance because it is already signed by the debtor.✓
- 3It is drawn and signed by the creditor.
- 4It is an unconditional order to make payment.
Correct answer
It does not require acceptance because it is already signed by the debtor.
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