A ________ is a two-party instrument in which one person makes an unconditional promise in writing to pay another person,a person specified by that person,or the bearer of the instrument,a fixed amount of money,with or without interest,either on demand or at a specified,future time.
A)promissory note
B)certificate of deposit
C)cashier's check
D)teller's check

Question

Quizplus · Accepted Answer

The promissory note is the simplest form of commercial paper;it is simply a promise to pay money.A promissory note is a two-party instrument in which one person (known as the maker)makes an unconditional promise in writing to pay another person (the payee),a person specified by that person,or the bearer of the instrument,a fixed amount of money,with or without interest,either on demand or at a specified,future time [3-104].

A ________ Is a Two-Party Instrument in Which One Person