A promissory note is a _____ instrument in which one person, known as the _____, makes a(n) _____ promise in writing to pay another person, the _____, a person specified by that person, or the bearer of the instrument, a fixed amount of money, with or without interest, either on demand or at a specified, future time.

Multiple Choice

two-party; maker; conditional; drawee

three-party; drawer; conditional; payee

three-party; drawer; unconditional; drawee

two-party; maker; unconditional; payee