The party to whom the promissory note is payable is the amak

The party to whom the promissory note is payable is the

a.maker.

b.payee.

c.issuer.

d.None of these choices are correct.

Solution

b.Payee

Maker is the party in a promissory note who is making the promise to pay the amount as per note to the payee.Promissory note is a witten promise to pay a specified amount of money on demand or at a definite time.