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The promissory note should be signed by:
- a)Drawer
- b)Drawee
- c)Payee
- d)Promiser
Correct answer is option 'D'. Can you explain this answer?
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The promissory note should be signed by:a)Drawerb)Draweec)Payeed)Promi...
Explanation: Promissory Note
A promissory note is a written promise to pay a specified sum of money to a specific person or entity at a specified time. It is a legal instrument, and it is used to document a loan or other type of debt.
The promissory note should be signed by the promiser, who is the person or entity that is making the promise to pay. The promiser is the one who is liable for the payment of the debt.
The other parties involved in a promissory note are:
Drawer: The drawer is the person who creates the promissory note. The drawer is usually the lender or the creditor.
Drawee: The drawee is the person or entity to whom the promissory note is addressed. The drawee is usually the borrower or the debtor.
Payee: The payee is the person or entity who will receive the payment. The payee is usually the lender or the creditor.
Conclusion:
To conclude, the promissory note should be signed by the promiser, who is the person or entity that is making the promise to pay. The other parties involved in a promissory note are the drawer, drawee, and payee.
A promissory note is a written promise to pay a specified sum of money to a specific person or entity at a specified time. It is a legal instrument, and it is used to document a loan or other type of debt.
The promissory note should be signed by the promiser, who is the person or entity that is making the promise to pay. The promiser is the one who is liable for the payment of the debt.
The other parties involved in a promissory note are:
Drawer: The drawer is the person who creates the promissory note. The drawer is usually the lender or the creditor.
Drawee: The drawee is the person or entity to whom the promissory note is addressed. The drawee is usually the borrower or the debtor.
Payee: The payee is the person or entity who will receive the payment. The payee is usually the lender or the creditor.
Conclusion:
To conclude, the promissory note should be signed by the promiser, who is the person or entity that is making the promise to pay. The other parties involved in a promissory note are the drawer, drawee, and payee.
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The promissory note should be signed by:a)Drawerb)Draweec)Payeed)PromiserCorrect answer is option 'D'. Can you explain this answer?
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The promissory note should be signed by:a)Drawerb)Draweec)Payeed)PromiserCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The promissory note should be signed by:a)Drawerb)Draweec)Payeed)PromiserCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The promissory note should be signed by:a)Drawerb)Draweec)Payeed)PromiserCorrect answer is option 'D'. Can you explain this answer?.
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