What Is the Name of the Party That Promises to Pay

question 29

Multiple Choice

What is the name of the party that promises to pay a set sum to the holder of a promissory note or certificate of deposit?

• A)Maker
• B)Endorser
• C)Promisor
• D)Drawer
• E)Acceptor

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Definitions:

Shrinkage

The loss of money or inventory from shoplifting and/or employee theft.

Consumer Psychology

The study of how people's thoughts, beliefs, feelings, and perceptions influence their buying behavior.

Primary Appraisal

The initial evaluation process where an individual assesses the significance of an event as a threat, challenge, or harm.

Secondary Appraisal

The process of evaluating one's ability to cope or manage the consequences of a potentially stressful event after initially assessing its significance.