Read the promise on paper notes used today. who is making the promise

1.	Read the promise on paper notes used today. who is making the promise and to whom? why is this important? Discuss.
Answer» Answer: A promissory note, sometimes referred to as a note PAYABLE, is a LEGAL instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or ISSUER) promises in writing to pay a DETERMINATE sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under SPECIFIC terms.

Read the promise on paper notes used today. who is making the promise and to whom? why is this important? Discuss.

Answer»

Answer:

A promissory note, sometimes referred to as a note PAYABLE, is a LEGAL instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or ISSUER) promises in writing to pay a DETERMINATE sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under SPECIFIC terms.

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Read the promise on paper notes used today. who is making the promise and to whom? why is this important? Discuss.​

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Read the promise on paper notes used today. who is making the promise and to whom? why is this important? Discuss.