In a promissory note, the party who promises to pay is called the payee.
Correct Answer:
Verified
Q8: Notes that are secured by personal property
Q9: The ULB treats an endorsement prohibiting further
Q10: A bill of exchange is an unconditional
Q11: A bill of exchange that is payable
Q12: Parties with secondary liability to an instrument
Q14: Any reference to some other agreements in
Q15: To be negotiable, a bill or note
Q16: The common law does not require a
Q17: An order bill is a bill or
Q18: All restrictive endorsements prevent the further transfer
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