Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is a promissory note? a promissory note is a

What is a promissory note? A promissory note is a written promise made by one...

70.2K

Verified Solution

Question

Accounting

What is a promissory note?
A promissory note is a written promise made by one person, the maker of the promise, to pay another, usually a payee, a specified sum.
A promissory note is a written promise made by one person, the maker of the promise, to pay another, usually a payee, a specified sum within a specified period of time which cannot be longer tha
seven days.
A promissory note is an oral promise made by one person, the maker of the promise, to pay another, usually a payee, a specified sum.
A promissory note is a written promise made by one person, the maker of the promise, to pay another, usually a payee, an unspecified sum.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students