For a promissory note,the entity to whom the promise of future payment is made is the ________.
A) maker of the note
B) endorser of the note
C) banker of the note
D) payee of the note

Question

Quizplus · Accepted Answer

The payee of the note is the entity to whom the promise of future payment is made. The maker of the note is the person who promises to pay, the endorser is someone who signs over the note to another party, and the banker is not directly involved in the creation or payment of the note.

For a Promissory Note,the Entity to Whom the Promise of Future