A promissory note is drawn by ______ in favor of _____
A. Drawer, Drawee
B. Maker, Payee
C. Payer, Payee
D. Drawer, Payee
Answer: Option B
Solution(By Examveda Team)
A promissory note is drawn by Maker in favor of Payee. Maker or Drawer is the person who makes or draws the promissory note. He is also called the promisor. Drawee or Payee is the person in whose favour the promissory note is drawn.This Question Belongs to Commerce >> Accounting
Drawn by darwer in favour of payee is most correct because in usual, maker is not a sensible term
Option D is also correct