Jack writes a note for Mary. The note states that '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) certificate note.
B) maker note.
C) promissory note.
D) certification.
E) promise in a note.

Question

Quizplus · Accepted Answer

The note written by Jack that promises to pay Mary a specific amount on a specific date or upon demand is a promissory note.

Jack Writes a Note for Mary