Sallyanne is selling merchandise to Jack's Machine Shop. Sallyanne felt secure in receiving payment because she had Jack sign a promissory note. Sallyanne felt secure because a promissory note is
an agreement signed by the buyer stating when and how much money will be paid to the seller in return for immediate credit.
the requirement for a firm to maintain a certain amount of funds on deposit with the lending bank.
a "gentleman's agreement" to pay for products which were shipped on faith that the payment would be forthcoming.
the right given to a bank to seize certain assets if payment is not made when due.
basically the same thing as a trade acceptance.

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The Answer of Sallyanne is selling merchandise to Jack's Machine Shop. Sallyanne felt secure in receiving payment because she had Jack sign a promissory note. Sallyanne felt secure because a promissory note is
an agreement signed by the buyer stating when and how much money will be paid to the seller in return for immediate credit.
the requirement for a firm to maintain a certain amount of funds on deposit with the lending bank.
a "gentleman's agreement" to pay for products which were shipped on faith that the payment would be forthcoming.
the right given to a bank to seize certain assets if payment is not made when due.
basically the same thing as a trade acceptance.

Sallyanne Is Selling Merchandise to Jack's Machine Shop