Notes Receivable and Notes Payable

1- Explain what will happen if a maker defaults on a note. (Assume that the note has not been discounted.) What effective measures will you take to redeem the note?

Notes Receivable and Notes Payable Recommendations

1- Kevin Hoffaman works as a teller in Victory Bank. Yesterday, he looked up confidential information about promissory notes concerning several friends. Kevin told his girlfriend all about the confidential information. Do you think Kevin acted appropriately? You make the call. Write down your recommendations to Kevin.