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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

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B

the holder

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C

the endorser

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D

the maker

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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.

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