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Fact Pattern 25-3 To Borrow the Funds to Pay Tuition at Alpha College

Question 13

Multiple Choice

Fact Pattern 25-3
To borrow the funds to pay tuition at Alpha College, Bea signs an instrument unconditionally promising to pay to "Country Loan Corporation" $7,500 with interest in installments with the final payment due June 1, 2030.
-Refer to Fact Pattern 25-3. The instrument that Bea signed is most likely


A) ​a certificate of deposit.
B) ​a draft.
C) ​an order to pay.
D) ​a promissory note.

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