A promissory note

a. cannot be factored to another party.

b. has the party to whom the money is due as the maker.

c. may be used to settle an accounts receivable.

d. is not a formal credit instrument.

c. may be used to settle an accounts receivable.

Explanation: A promissory note is defined as a financial instrument that contains a written promise by the note issuer or maker to pay the note payee a definite sum of money at a specific future date or on demand and  may be used to settle an accounts receivable (the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers and are listed on the balance sheet as a current asset). They are commonly used in businesses as a form of short term financing as they can be exchanged for cash at a future time when account receivables have been collected.

answer; the inspector may have found some violation that could cause death or some kind of serious injury;

borrow money from the government then pay the government back 5k