The two key parties to a promissory note are the
A) maker and a bank.
B) debtor and the payee.
C) maker and the payee.
D) sender and the receiver.

Question

Quizplus · Accepted Answer

The maker of a promissory note is the person who makes the promise to pay, while the payee is the person to whom the promise is made. Therefore, the two key parties to a promissory note are the maker and the payee, making choice C the correct answer. Choice A may be true in some cases if the promissory note is made to a bank, but it is not always the case. Choice B and D are incorrect as they do not accurately reflect the roles of the parties involved in a promissory note.

The Two Key Parties to a Promissory Note Are the