Question

Name the parties to a promissory note

Answer 1

Answer:

$Two main parties are involved in apromissory note: the drawer or maker and the drawee or payee.$

ᴍᴀʀᴋ ᴀs ʙʀɪʟɪᴇɴᴛ ᴀɴsᴡᴇʀ

Answer 2

Issuer/maker/ debtor and payee/drawee/creditor are the parties to a promissory note

Explanation:

• A promissory note is a financial instrument containing a written promise from one party (the issuer or the maker of the note) to pay another party (the payee of the note) a definite sum of money, either on request or at a specified future date.
• A promissory note typically contains all terms relating to the indebtedness, such as the principal amount, interest rate, date of maturity, date and place of issue, and signature of the issuer.