Notes payable
A)are promissory.
B)involve debt to many creditors.
C)are secured by real property.
D)All of these choices.

Question

Quizplus · Accepted Answer

Notes payable by definition are promissory, meaning they involve a promise to pay back the amount borrowed. Option B is incorrect because notes payable can involve debt to a single creditor. Option C is incorrect because notes payable can be secured by various types of collateral, not just real property.

Notes Payable