When referring to a note receivable or promissory note

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Reference no: EM13754051

When referring to a note receivable or promissory note:

a. The note may be used to settle an accounts receivable.

b. The note is not considered a formal credit instrument.

c. The note cannot be factored to another party.

d. The maker is the party to whom the money is due.

Reference no: EM13754051

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