Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan?
(a) promissory note
(b) contract
(c) lien
(d) mortgage

a) Promissory note

Explanation:

What is a promissory note

It is a written legal document which is an agreement between two parties that state when the borrower intends to pay the lender. In simple terms it is a promise made by the borrower to pay back a loan to the lender. Since it is a legal documents it binds the borrower to pay the lender back what ever money they have borrowed .

It is crucial to have this documents especially when you lending someone a lump sum of money so that you can have an assurance that they will pay you back.

When Is It Used?

This note is use when people want student loans, car loans, business loans and personal loans between friends or family.

This note can be your insurance to ensure that someone does pay you back.

What Should Be Included?

All the details about conditions and terms of a loan.

The promissory note form should include:

The names and addresses of both the lender and borrower

The amount of money being borrowed and what, if any, collateral is being used

How often payments will be made in and in what amount

Signatures of both parties, in order for the note to be enforceable.

Collateral refers to something that belongs to the borrower that a lender will take from them should they not pay back a loan, for example some shops that lends money will ask you to leave your laptop so that you will only take it when you pay back their money.

    racial conflict and discrimination has existed ever since man learned to kill with rocks and bones. these conflicts arose from disputes between territory, power, wealth, religion, or simple difference. some of the most infamous racial disputes include slavery, the holocaust, and the civil rights movement.

    these listed disputes often resulted in casualties from all sides. riots, wars, imprisonment, and lynching are all commonly associated with racial conflict on severe levels.

      however, racism is an improving issue in recent decades. people are being more accepting and welcoming of diverse populations. though, the world isn't perfect and it will take much more time, if ever, until the world is rid of racism.

marginal cost is a microeconomic measure that us to evaluate the extent to which the level of production of a good is sustainable in accounting, that is, to how many quantities the company plans to profit from the production of the good.

the concept of marginal cost is simple, it means the cost of producing one more item. for example, in the case of pies, the marginal cost is the cost of producing one more pie than those that have already been produced.

it is important to understand that productive activity influences marginal cost. the marginal cost of some goods can be very high, while others may be insignificant. for example, the marginal cost of producing an extra plane is very high. already the marginal cost of a water company to provide 1l more water is derisory.

in the case of pies, the cost involves the inputs, the labor and the fixed cost, which involves the fixed space of the bakery. the level of production initially has the marginal cost decreasing because there is space and manpower available. however, to produce more you have to hire more workers and buy more inputs. if physical space is limited, workers will conflict with places, inputs and their productivity will decrease, meaning there is an optimum point of production for each level of space and manpower. from this point on, the productivity of the workers will be getting smaller because of lack of space, so that the marginal cost of producing one more pie will be increasing. so, although you have not posted the chart, but if you have the answer, you can see that my explanation goes according to the marginal cost curve that will increase from the 4th pie, answer (c).