With Regard to Notes Receivable, Which of the Following Statements

Multiple Choice

With regard to notes receivable, which of the following statements is correct?

A) The borrower signs a written promise to pay the lender a definite sum at the maturity date, with interest.
B) Notes receivable are also called promissory notes because a written promise to pay is not required.
C) Notes receivable are less formal contracts than accounts receivable.
D) All notes receivable require the borrower to pledge collateral.