The Person Who Signs a Note Receivable and Promises to Pay

question 140

Multiple Choice

The person who signs a note receivable and promises to pay the principal and interest is the:

• A) Maker.
• B) Payee.
• C) Holder.
• D) Receiver.
• E) Owner.

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, characterized by a diverse geography and culture.

World Price

The international market price of a good or service, influenced by global supply and demand conditions, relevant in international trade contexts.

Imported Apples

Apples that are brought into a country from abroad for sale.

United States

A country located in North America consisting of 50 states, known for its large economy and diverse population.