Explanation:

- A Promissory Note is a financial instrument that involves two main parties:

- The maker: The person who promises to pay the money.

- The payee: The person who receives the payment.

- It is primarily a two-party instrument designed for one party to pay a specific sum to another.

- Other options and additional parties are irrelevant in the context of a traditional promissory note.

Option:1 - 2 is the correct answer.

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