In the same instrument scenario, who bears liability for the original amount payable on the note?

• A. M
• B. P
• C. A
• D. B

Answer: (A)

The maker bears the original liability for the amount payable on a promissory note. When someone signs a note as the maker, they promise to pay a fixed sum to the payee—the obligation is primary and is created by that signature. Other parties who later sign the instrument or endorse it (such as endorsers or guarantors) don’t take on the original debt as their primary obligation. They step in only if the maker fails to pay and the instrument is properly presented for payment; their liability is secondary or contingent. So, in the same instrument scenario, the maker is the one responsible for the original amount.