> > >

Retail Banking Industry And Processes MCQs

What are the four requirements for a promissory note to be legal?

An unconditional order, a specific amount, being payable to a specific person, being payable on a specific date

Being payable to a specific person, being payable on a specific date, that both parties belong to the same bank, being payable in US currency

A specific amount, being payable to a specific person, only in U.S. funds, for a specific good or service

An unconditional order, being payable to a group of people, being payable on any given day in a 30 day time frame and for a specific amount

Answer

Correct Answer: An unconditional order, a specific amount, being payable to a specific person, being payable on a specific date

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Retail Banking Industry And Processes Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it

More Retail Banking Industry And Processes MCQ Questions

Retail Banking Industry And Processes Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it