Asked by Khánh Tr??ng on May 01, 2024
Verified
Which of the following refers to a person who executes an instrument?
A) Drawer
B) Accommodation party
C) Maker
D) Holder
Maker
The individual or entity that creates, signs, and issues a promissory note, thereby promising to pay a certain sum to a specified person.
Accommodation Party
An individual or entity that signs a negotiable instrument on behalf of another party, guaranteeing payment without direct benefit.
- Familiarize yourself with the criteria and outcomes of indorsement and negotiation in association with transfers and liabilities.
Verified Answer
SR
Shannon RobinsonMay 03, 2024
Final Answer :
C
Explanation :
A maker is a person who makes or executes an instrument;the signer of an instrument.
Learning Objectives
- Familiarize yourself with the criteria and outcomes of indorsement and negotiation in association with transfers and liabilities.