Who are the parties to negotiable instrument?

The parties to a negotiable instrument typically include the maker, who is the person or entity that creates and promises to pay the amount specified; the payee, who is the individual or entity entitled to receive the payment; and the endorser, who transfers the instrument to another party. In the case of a promissory note, the maker and payee are the primary parties, while a check may involve the drawer (the account holder who writes the check) and the drawee (the bank that pays the check). These roles facilitate the transfer of the instrument and the obligation to pay.