Jane borrowed $1,000 from West Bank and signed a promissory note.Jane is:
A)the payee.
B)the drawee.
C)the creditor.
D)the maker.

Name: Jane borrowed $1,000 from West Bank and signed a promissory note.Jane is: A)the payee. B)the drawee. C)the creditor. D)the maker.
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Question

Quizplus · Accepted Answer

The maker of a promissory note is the person who signs and promises to pay the amount owed. Therefore, Jane is the maker of the promissory note and not the payee, drawee, or creditor.

Jane Borrowed $1,000 from West Bank and Signed a Promissory