If the maker of a promissory note fails to pay the note on the due date, the note is said to beGroup of answer choicesdishonoreddiscounteddisalloweddisplaced

The correct answer to the question is "dishonored."

When a promissory note is created, it essentially is a written promise to pay a specified amount of money to the holder of the note on a specified date. If the maker of the note does not fulfill this obligation and fails to pay the amount due on or before the due date, the note is considered "dishonored." This status means that the note has not been honored according to its terms, which may result in legal actions, penalties, or a loss of creditworthiness for the maker.

In the context of financial transactions, dishonoring a note can have serious implications, such as damaging relationships with creditors or affecting future borrowing capacity.