Answer the question about the promissory note given.
------------------------Promissory Note------------------------ March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $590 dollars and no
Cents with interest at 12% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
Who is the payer of the note?
A)Nations Bank Abercorn Branch
B)Not given
C)Thomas Ronney
D)Fred Nester

Question

Quizplus · Accepted Answer

The payer of the note is the person who promises to pay the amount mentioned in the promissory note. In this case, it is clearly mentioned that Fred Nester has promised to pay $590 to Thomas Ronney. Hence, option D is correct. The payer of the note, or the one promising to pay the specified amount, is Fred Nester, as indicated by the signature at the bottom of the Promissory Note.

Answer the Question About the Promissory Note Given