250000/2060000*Regarding the two parties to a note, the: A. creditor has a note payable and the debtor has a note receivable. B
. debtor is also called the lender. C. creditor is also called the maker of the note. D. creditor has a note receivable and the debtor has a note payable.
The correct answer is D. creditor has a note receivable and the debtor has a note payable.
Explanation:
A note payable is a legal instrument by which the maker, also called the debtor, commits to pay a determined amount of money to the other party, the creditor, that has a note receivable, which is a written promise to receive the money from the issuer in the future.
