Question: A promissory note is a ___ instrument in which one person, known as the _, makes a(n) ___ promise in writing to pay another person,

A promissory note is a _____ instrument in which one person, known as the _____, makes a(n) _____ promise in writing to pay another person, the _____, 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.

Multiple Choice

two-party; maker; conditional; drawee

three-party; drawer; conditional; payee

three-party; drawer; unconditional; drawee

two-party; maker; unconditional; payee

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Question: A promissory note is a _____ instrument in which one person, known as the _____, makes a(n) _____ promise in writing to pay another person,

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Question: A promissory note is a ___ instrument in which one person, known as the _, makes a(n) ___ promise in writing to pay another person,