Jack writes a note for Mary.The note states,"I,Jack,promise to pay you,Mary,$500.00 on January 4,2003,or anytime after that date when a demand is made." Jack has given Mary a
A)maker note.
B)promissory note.
C)certificate note.
D)certification.
E)promise in a note.

Question

Quizplus · Accepted Answer

The note that Jack has written for Mary is a promissory note, which is a written promise to pay a specific sum of money to a person or entity named in the note.

Jack Writes a Note for Mary