The maker of a promissory note has accountability for:
A)insuring the negotiability of the instrument.
B)acknowledging the existence of every indorser.
C)insuring the underlying conditions are met.
D)expressly agreeing to pay the note according to its terms.

Question

The maker of a promissory note has accountability for: ​
A)insuring the negotiability of the instrument.
B)acknowledging the existence of every indorser.
C)insuring the underlying conditions are met.
D)expressly agreeing to pay the note according to its terms.

Quizplus · Accepted Answer

The maker of a promissory note is primarily responsible for expressly agreeing to pay the note according to its terms, which includes the payment amount and the due date.

The Maker of a Promissory Note Has Accountability For: ​

The Maker of a Promissory Note Has Accountability For: