Promissory note obligating him to pay the money

Assignment Help Financial Accounting

Reference no: EM13786707

San Fransisco Bank loans Bill Williams some money. Bill signs a promissory note obligating him to pay the money back at 6% interest. The note is a standard form note prepared by the bank. The bank is the maker of this note.

A) True

B) False

Reference no: EM13786707

Questions Cloud

Overall importance of group cohesiveness : What is the overall importance of group cohesiveness and how do you as a group leader go about fostering group cohesiveness within your groups? What variables would be present in a cohesive group?

What are swaps : Question 1: What are swaps? How can they be used by a corporation?

A check is not negotiable : A check is NOT negotiable if it:

Promissory note obligating him to pay the money : San Fransisco Bank loans Bill Williams some money. Bill signs a promissory note obligating him to pay the money back at 6% interest. The note is a standard form note prepared by the bank. The bank is the maker of this note.

Benefits of massage therapy : Benefits of Massage Therapy

Classical christological controversies and heresies : Which of these heresies seem to endure into our own time and why do they do so?

What was pioneers direct materials price variance : Information on Pioneer Automotive Inc’s direct material costs for September follows: Actual quantity of direct materials purchased and used: 30,000 pounds Actual cost of direct materials: $84,000 Unfavorable direct materials quantity variance: $3,000..

Difference between outer and inner controls : Discuss the difference between outer and inner controls and why maintaining both types of control are important to an agency's risk reduction and asset protection

User Account

All Pages