Question

The person to whom the amount mentioned in the promissory note is payable is known as promise.

• A. True
• B. False

Answer 1

The correct option is A True

A Promissory Note must always be written by hand. It must include all the mandatory elements such as the legal names of the payee and maker's name, amount being loaned / to be repaid, full terms of the agreement and the full amount of liability, beside other elements.