Utme 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Utme Commerce examination. This question covers Commerce .

Utme 2018 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Commerce
Question 34 UTME • 2018 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Utme 2018 Commerce Question 34. It is one of the objective questions from the 2018 Utme Commerce examination.

The question covers Commerce .

Difficulty level: 2 .

View More Utme 2018 Commerce Questions More Utme Practice Questions Back to Questions

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