The "maker" is a party to a note,but is not a party to a draft.

Name: The "maker" is a party to a note,but is not a party to a draft.
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Question

Quizplus · Accepted Answer

A maker is a person who signs a promissory note and agrees to pay the amount specified on the note. However, a draft involves three parties: the drawer (the person who instructs payment), the drawee (the entity who pays) and the payee (the party who receives payment). Therefore, the maker is not a party to a draft.

The "Maker" Is a Party to a Note,but Is Not