The Debtor Named in a Promissory Note Is Called the Payee

question 38

True/False

The debtor named in a promissory note is called the payee.

---

Definitions:

Rockefellers

A notable family in American history, known for their significant contributions to the oil industry and philanthropy.

Crowdfunding

A method of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.

Prototype

An early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.

Angel Investor

A prosperous person supplying financial support for a start-up business, often in exchange for ownership equity or convertible debt.