Which of these statements about promissory notes is incorrect? (a) The party making the promise to pay
Question:
Which of these statements about promissory notes is incorrect?
(a) The party making the promise to pay is called the maker.
(b) The party to whom payment is to be made is called the payee.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471691952
3rd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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