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Of the 2 types of promissory notes, the promissory note, payable after a predetermined period is called ---.

ABearer Promissory Note

BDemand Promissory Note

CUsuance Promissory note

DDiscounted Promissory Note

Answer:

C. Usuance Promissory note

Read Explanation:

There are two types of Promissory Notes:

  • Demand Promissory Note (Payable on Demand) 

  • Usuance Promissory note (Payable after a predetermined period) 


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