Multiple Choice
In regard to a promissory note, the person obligated to pay is the
A) payor.
B) promissor.
C) bank.
D) maker.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q29: It is not a requirement of a
Q30: A promissory note states that the note
Q31: The words "value received" inserted on the
Q32: Negotiable instruments can be used either as
Q33: One way to classify a negotiable instrument
Q35: An IOU for $500 is<br>A) illegal.<br>B) a
Q36: A check made payable to "Cash" is<br>A)
Q37: A certificate of deposit is actually a
Q38: An instrument is payable to _ if
Q39: A negotiable instrument is<br>A) required to be