The following are required information on a note, EXCEPT:Group of answer choicesInterest rate and discount ratePayee and makerFace valueIssue date and term
Question
Solution 1
To determine which information is not typically required on a note, we need to analyze the common components of a promissory note. A promissory note generally includes the following essential elements:
- Payee and Maker: This identifies who is receiving the payment (the payee) and who is respo Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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