David borrows $4,000 from Matthew and gives him a promissory note.David is the:
A)payee.
B)payor.
C)maker.
D)drawee.

Question

Quizplus · Accepted Answer

David is the one borrowing the funds and giving a promissory note, which makes him the maker of the promissory note. The payee is the person receiving the funds, the payor is the person making the payment, and the drawee is the person who is ordered to pay the funds (usually used in the context of a check).

David Borrows $4,000 from Matthew and Gives Him a Promissory