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Promissory notes initially involve only two parties - the maker and the payee. The maker is the one who executes or makes a promissory note (or a certificate of deposit) and promises to pay. The payee is the one who promises to pay the order. If two or more parties join in executing the note, they are comakers and are equally liable for payment.
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Promissory notes initially involve only two parties - the maker and ____________.
the payer
the drawer
the comaker
the payee