The Entity to Whom the Promise of Future Payment Is

question 123

Multiple Choice

The entity to whom the promise of future payment is made for a promissory note is the:

• A)maker of the note.
• B)endorser of the note.
• C)banker of the note.
• D)payee of the note.

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Definitions:

Acetaldehyde

A volatile, flammable, and colorless liquid compound, which is a common intermediate in the synthesis of various chemicals and a byproduct of alcohol metabolism.

NADH

Nicotinamide adenine dinucleotide (NADH) is a coenzyme found in all living cells, involved in redox reactions, carrying electrons from one reaction to another.

Ethanol

A volatile, flammable, colorless liquid alcohol widely used as a biofuel, in alcoholic beverages, and as a solvent in the pharmaceutical industry.

Lactate Fermentation

An anaerobic metabolic pathway in which glucose is converted into cellular energy and lactate.