A promissory note:

a) Is signed by the person promising to pay the note called the payee.

b) Is another name for an installment receivable.

c) Is recorded by the maker by crediting Notes Recievable.

d) Is a conditional promise in writing to pay on demand or at a future date a definite sum of money.

e) Will be recorded on both the books of the maker and the payee as a promissory note.