Negotiable Instruments

Discussion Thread: Negotiable Instruments What are the requirements of negotiable instruments? Why are they important in commercial law? Explain whether the following are negotiable instruments: An instrument that recites I.O.U., John Smith, $500. A note for $1,000 payable to the order of George Lincoln 3 months after the death of John Franklin. A note for $10,000 that is payable in 30 equal monthly installments ($333.33/each) providing If the maker dies, all payments not yet due are hereby cancelled. What is a holder in due course? What are the elements of being a holder in due course? What are the benefits of being a holder in due course? The student will complete four (4) Discussions in this course. The student will post one (1) thread of at least 300 words by 11:59 p.m. (ET) on Thursday of the assigned Module: Week. The student must then post two (2) replies of at least 200 words by 11:59 p.m. (ET) on Sunday of the assigned Module: Week. For each thread, students must support their assertions with at least three (3) scholarly citations in Bluebook format. Each reply must incorporate at least two (2) scholarly citation(s) in Bluebook format. Acceptable sources include the course textbook, scholarly/academic/peer-reviewed articles, other books, and the Bible (though the Bible counts as only one (1) source. I will add pages from our book on this chapter. Only use our book and the bible.