Question:One of the following statements about promissory notes is incorrect. The incorrect statement is: 

A The party making the promise to pay is called the market. 
B The party to whom payment is to be made is called the payee. 
C A promissory note is not a negotiable instrument. 
D A promissory note is more liquid than an account receivable. 

+ Answer
C 

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Md. Saydul Alam

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