A company which issues a promissory note in lieu of payment for goods purchased
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Correct Answer: Option D
Explanation:
A promissory note contains a written and unconditional promise to pay a specified amount of money at an agreed time. The company that issues it is therefore bound to honour the payment when the note becomes due.
A promissory note contains a written and unconditional promise to pay a specified amount of money at an agreed time. The company that issues it is therefore bound to honour the payment when the note becomes due.