A promissory note:
A)is a written promise to pay.
B)is an oral promise to pay.
C)is due in 30 days.
D)entitles the maker to a discount.

Question

Quizplus · Accepted Answer

A promissory note is a written promise to pay a certain amount of money by a specific date. It is a legally binding agreement between the borrower and lender. It typically includes the terms of the loan, such as the interest rate, payment schedule, and any collateral that is required.

A Promissory Note