Question 40 Answer the question about the promissory note given. ---------------
ID: 3197535 • Letter: Q
Question
Question 40
Answer the question about the promissory note given.
-----------------------Promissory Note------------------------
March 12
Ninety days after date above, I promise to pay to the order of Thomas Ronney $770 dollars and no cents with interest at 12% per year, payable at Nations Bank Abercorn Branch.
Due: June 10 Signed: Fred Nester
--------------------------------------------------------------
Who is the payee of the note?
Nations Bank Abercorn Branch
Thomas Ronney
Not given
Fred Nester
Nations Bank Abercorn Branch
Thomas Ronney
Not given
Fred Nester
Explanation / Answer
payee a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable.
in the question, payee is Thomas ronney from above information
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