The person who promises to pay a certain amount of money at a specified date in the future is called the:
A) endorser of the note.
B) maker of the note.
C) discounter of the note.
D) payee of the note.

Question

Quizplus · Accepted Answer

The maker of the note is the person who promises to pay a certain amount of money at a specified date in the future. The endorser of the note is someone who adds their signature to the note to transfer the rights to the payment to someone else. The discounter of the note is someone who buys the note for less than the face value in exchange for immediate cash. The payee of the note is the person who will receive the payment at the specified date.

The Person Who Promises to Pay a Certain Amount of Money