Asked by Jacob Rutgers on Apr 25, 2024
Verified
The maker is a party to a note who promises to receive money.
Maker
The individual or entity that creates or produces an item or is the original writer of a check or promissory note.
- Comprehend the differences among drafts, money orders, and checks as types of negotiable instruments.
Verified Answer
MF
mario fayze7 days ago
Final Answer :
False
Explanation :
The maker of a note is the party who promises to pay money, not receive it.
Learning Objectives
- Comprehend the differences among drafts, money orders, and checks as types of negotiable instruments.