Question: On July 18, Jerry Pope signed a note when he borrowed $1,200 at 12 percent for 30 days from Second National Bank. In this situation:

On July 18, Jerry Pope signed a note when he borrowed $1,200 at 12 percent for 30 days from Second National Bank. In this situation:

a) Pope is the payee of the note

b) Pope is the maker of the note

c) Pope is the principle of the note

d) The bank is the maker of the note

e) The bank is the endorser of the note

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