Question

True or False: If the maker of a note fails to pay the debt on the due date, the note is said to be dishonored.

Answer 1

If the maker of a note fails to pay the debt on the due date, the note is said to be dishonored.

Step-by-step explanation:

True. If the maker of a note fails to pay the debt on the due date, the note is said to be dishonored. This means that the maker has defaulted on their obligation to pay the debt, and the note is considered to be in default.