A promissory note contains ____
A. Unconditional order
B. A promise
C. A conditional order
D. None of these
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No. of parties in promissory note are ____
A. Two
B. Three
C. Four
D. Five
A ____ is an unconditional written promise by one party to pay money to another party.
A. Sight draft
B. Time draft
C. Promissory note
D. Check
A party who makes a promise to pay is the ____ of a note.
A. Drawer
A bearer instrument is payable to ____
Anyone in physical possession of the instrument who presents it for payment when it is due
B. The payee only
C. The indorser only
D. The drawer only
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