“Analyzing the Negotiability of a Promissory Note for a Vehicle Purchase”

Assignment Questions for Week One – PREPARE A WELL WRITTEN WELL ORGANIZED ESSAY.  YOU WILL BE GRADED ON CONTENT, ORGANIZATION AND PRESENTATION
Is the following instrument negotiable, explain with proper support: I, Richard Bell, hereby promise to pay to the order of Lorry Motors 10,000 dollars, upon the receipt of the final distribution from the estate of my deceased aunt, Rita Dorn. This negotiable instrument is given by me as the down payment on my purchase of a 1986 Buick to be delivered in 3 weeks. Richard Bell (signature).