MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Benefits of Debentures

Kinds of Nego...

Question

Kinds of Negotiable Instruments
The person who makes or executes the note promising to pay the amount stated therein is called as -.

A

the payee

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

the holder

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

the endorser

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

the maker

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D the maker
Drawer or maker is the person who signs a check, draft, promissory note, or other negotiable instrument and has the authority for doing so. By signing to the note he promises to pay the amount stated therein.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Kinds of Negotiable Instruments
A promissory note is an instrument in writing containing ______, signed by the maker to pay a certain sum of money to, or to the order of, a certain person, or only to bearer of the instrument.

Q. Kinds of Negotiable Instruments
A promissory note is an instrument ______ containing an unconditional undertaking, signed by the maker to pay a certain sum of money to, or to the order of, a certain person, or only to bearer of the instrument.

Q. Kinds of Negotiable Instruments
A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker to pay ____ to or to the order of, a certain person, or only to bearer of the instrument.

Q. Kinds of Negotiable Instruments
A promissory note is an instrument in writing containing an unconditional undertaking, signed by the maker to pay a certain sum of money -.

Q. Kinds of Negotiable Instruments
The person to whom the amount is payable on any negotiable instrument is called as -.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

What is a Debenture?

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Benefits of Debentures

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon