The entity to whom the promise of future payment is made for a promissory note is the:
A)maker of the note.
B)endorser of the note.
C)banker of the note.
D)payee of the note.

Question

Quizplus · Accepted Answer

The payee of a promissory note is the entity to whom the promise of future payment is made. The maker is the one who promises to pay, the endorser is someone who adds their own signature to the note as a guarantee of payment, and the banker is not directly involved in the transaction.

The Entity to Whom the Promise of Future Payment Is