What is the name of the written document in which a person or business promises to pay a given amount to a third party on a specified date?
A) A draft
B) A promissory note
C) A bill of exchange
D) None of these

Question

Quizplus · Accepted Answer

A promissory note is a written document in which a person or business makes a promise to pay a given amount to a third party on a specified date. A draft is a type of payment order, and a bill of exchange is a written order used in international trade transactions.

What Is the Name of the Written Document in Which