Deborah executes an unconditional written agreement to pay $5,000 to Bill on or before February 15,2015.In this scenario,Deborah has drawn a ________.
A) promissory note
B) draft
C) check
D) money order

Question

Quizplus · Accepted Answer

An unconditional written agreement to pay is known as a promissory note. A draft is a written order by one party to another to pay a third party. A check is a type of draft drawn on a bank account. A money order is a payment order for a pre-specified amount of money.

Deborah Executes an Unconditional Written Agreement to Pay $5,000 to Bill