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is not required in Promissory Note

This question belongs to Commerce Accounting
Accounting
?

_____ is not required in Promissory Note

Answer & Solution
Correct Answer: Option A
Acceptance is not required in Promissory Note. It does not require any acceptance because payer is only the maker of the promissory note. It requires acceptance by the drawee or someone else on his behalf as the drawer is not the payer.
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