Should a note be signed by the payee?

In the context of a promissory note, which is a legal document where one party agrees to pay a certain sum of money to another party under specific terms, it is not necessary for the payee (the person or entity that will receive the payment) to sign the note. Instead, it is primarily the maker (the individual or entity who promises to pay) that signs the document to affirm their obligation to repay the loan or debt specified in the note.

The note serves as a promise to pay, and the obligation is created by the signature of the maker. While the payee's acceptance is implied once the note is delivered, their signature is not a requirement for the validity of the note. This reflects a standard practice in financial transactions involving promissory notes, as the enforcement of the payment obligation relies on the agreement made by the maker.

Therefore, the assertion that a note should be signed by the payee is incorrect. The focus is primarily on the maker's commitment, which establishes the note’s enforceability.