When a party signs a(n) ________, the party may be a drawer, maker, endorser, or acceptor

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A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document. Examples include checks, promissory notes, and bills of exchange. When a party signs a negotiable instrument, they can take on various roles such as drawer (the party that obligates another party to pay), maker (the party promising to pay), endorser (the party who signs their rights over to another), or acceptor (the party who agrees to pay the bill of exchange).

When a Party Signs A(n) ________, the Party May Be