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

Question

Quizplus · Accepted Answer

The maker of the note is the person who issues the promissory note and is legally obligated to pay the specified amount at a future date. The payee is the person to whom the payment is promised, the discounter is the party who buys the note at a discount, and the endorser is someone who transfers ownership of the note to another person.

The Person Who Promises to Pay a Certain Amount of Money