The Person or Company Promising to Pay the Note Plus

question 130

Multiple Choice

The person or company promising to pay the note plus interest when it comes due is known as the

• A) drawee.
• B) creditor.
• C) maker.
• D) payee.

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Definitions:

Intangible Assets

Assets that lack physical substance, such as patents, trademarks, and goodwill.

Physical Substance

The material form or physical presence of an asset, distinguishing tangible assets from intangible ones.

Market Forces

The natural dynamics of supply and demand that determine the prices and availability of goods and services in an economy without external influences.

Comparisons

The act or instance of examining the similarities and differences between two or more items.