Julie plans to sell some property to Baxter using a self$-$cancelling installment note $($SCIN$).$ Of the following statements regarding SCINS, which statement is correct?

Question $13$ options:

A$)$

The payments received by Julie under a SCIN are treated as interest income.

B$)$

If Julie outlives the SCIN term, Baxter continues to pay the SCIN payment until Julie's death.

C$)$

If Julie dies before the end of the SCIN term, she is deemed to have made a taxable gift to Baxter equal to the difference between the payments made and the total principal payments due on the SCIN.

D$)$

A SCIN can give Julie a collateral interest in the property sold.