A company which issues a promissory note in lieu of payment for goods purchased

Commerce

JAMB 1999

A. can refuse to pay ondue date since it is only a promise
B. is bound to redeem the note for cash on due date
C. is not bound to renew the note before payment
D. can return the goods purchase and refuse to pay

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Correct Answer: Option B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here

Previous Next

Go back to Comm classroom

Report an Error Ask A Question Download App

Your School's Whatsapp Group - Join Us now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

If the power of a lens is +2.5D. Calculate the radius of curvature (a). 80cm (b). 40cm (c). 25cm (d).... Answer this

1 Answers · Physics · 4 days ago
Subjects to learn under petroleum engineering? Answer this

1 Answers · 4 days ago
what is the cut of mark for medical doctor in university and list all the university? Answer this

1 Answers · 2 days ago

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

A company which issues a promissory note in lieu of payment for goods purchased

Correct Answer: Option B

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In