Answered

True or False: A promissory note is a legally binding document.

Select one:

a. True

b. False



Answer :

GinnyAnswer

Final answer:

A promissory note is a legally-binding document that specifies the terms of payment.


Explanation:

True. A promissory note is indeed a legally-binding document. It is a promise-to-pay or an IOU specifying the sum of money, goods, or services to be delivered along with the terms and conditions of delivery.


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