The one who is to receive the specified amount of money from a note 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 payee of the note is the one who is specified to receive the amount of money mentioned in the note. The maker is the one who creates the note and promises to pay the amount, the discounter buys the note from the maker before maturity at a discounted price, and the endorser signs and transfers the note to another party.

The One Who Is to Receive the Specified Amount of Money