Maker Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Maker, written in plain English, along with examples of how it is used.
What is Maker?
(v) Maker is the person who creates a new article, right, obligations etc erstwhile not existing. Eg. Maker of a will, Maker of a cheque, Maker of a promise, maker of a product.
History and Meaning of Maker
In legal terms, a maker is a person who creates a new legal document or obligation that did not previously exist. This can refer to a wide range of documents or actions, such as creating a will, writing a check, making a promise, or designing and manufacturing a product.
The word "maker" has been used in legal contexts for centuries, and refers to the idea that the person who creates a legal document or obligation is responsible for its validity and enforceability. In some cases, this responsibility can extend beyond the initial creation of the document to include ongoing responsibility for ensuring that it is adhered to.
Examples of Maker
- A person who writes a will is the maker of that document, creating a legal obligation for the distribution of their assets after they pass away.
- When an individual writes and signs a check, they become the maker of that check, creating a financial obligation for the recipient to receive payment.
- If someone promises to perform an act, such as making a payment or providing a service, they become the maker of that promise and are legally obligated to fulfill it.
- The designer and manufacturer of a product is considered the maker of that product, and may be held legally responsible for any defects or injuries caused by the product.
Legal Terms Similar to Maker
- Promisor: The person who makes a promise and is obligated to fulfill it.
- Payor: Similar to a maker of a check, a payor is the person or entity that issues payment, such as a bank or individual.
- Testator: Similar to a maker of a will, a testator is a person who creates a legal document outlining the distribution of their assets after they pass away.