A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________ A. Power of Attorney B. Promissory Note C. Purchasing Power Parity D. None of the Above
B. Promissory Note Explanation: A promissory note is a legal instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee)