The person who signs a note receivable and promises to pay is the:

Question

Quizplus · Accepted Answer

The person who signs a note receivable and promises to pay is called the maker. The payee is the person who receives the payment, the receiver is a broad term and could refer to either the maker or the payee, the owner could refer to either party or a third party who has purchased the note, and the holder could refer to either party or a third party who is holding the note for safekeeping.

The Person Who Signs a Note Receivable and Promises to Pay