Asked by
Amanda Stahl
on Dec 17, 2024
Verified
The maker accepts payment on a note from a payee.
Maker
The party in a financial transaction who creates or issues a promissory note and promises to pay the note's value at maturity.
Payee
The individual or entity to whom a payment is to be made.
- Identify the functions and duties of the payee, payer (maker) within a promissory note agreement.
Verified Answer
DS
Learning Objectives
- Identify the functions and duties of the payee, payer (maker) within a promissory note agreement.