promissory notes

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Discuss whether Juan’s note is a negotiable instrument. Your post should be at least 100 words in length.

5–2. Negotiability. Juan Sanchez writes the following note on the back of an envelope: “I, Juan Sanchez, promise to pay Kathy Martin or bearer $500 on demand.” Is this a negotiable instrument? Discuss fully. (See Requirements for Negotiability.)

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