Can a company purchase stocks using a promissory note as the payment method?

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Can a company purchase stocks using a promissory note as the payment method?

2007-11-19 01:56:48 · 2 answers · asked by rombeen2 1 in Business & Finance ➔ Investing

2 answers

yes they can, as long as they are legally capable of obtaining the stock...in some instances, a company may not legally obtain stock of another company if it meets certain criteria, but this not very common.

2007-11-19 02:19:34 · answer #1 · answered by brookethestylist 3 · 0⤊ 0⤋

If the seller will accept it, why not?

2007-11-19 02:04:21 · answer #2 · answered by Ralfcoder 7 · 1⤊ 0⤋