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Which of the following is not an example of a promissory note?

A. A negotiable instrument
B. Evidence of title
C. Evidence of debt
D. A written agreement in which the debtor agrees to repay the stated loan

User Jay Khan
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1 Answer

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Final answer:

The correct answer is B. Evidence of title.

Step-by-step explanation:

The correct answer is B. Evidence of title.

A promissory note is a written agreement in which a debtor agrees to repay a stated loan. It is a legal document that outlines the terms of the loan, including the amount borrowed, the interest rate, and the repayment schedule. A promissory note is a type of negotiable instrument, which means it can be transferred to another party.

However, evidence of title does not fit the definition of a promissory note. Evidence of title refers to documents that prove ownership or right to a property or asset, such as a title deed for a piece of land or a certificate of ownership for a vehicle. It has a different purpose and does not involve a promise to repay a loan.

User ParaBolt
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