Contemporary Business Law 8th Edition by Henry Cheeseman

تمرين 1

Negotiable Instrument William H. Bailey, M.D., executed a note payable to California Dreamstreet, a joint venture that solicited investments for a cattle breeding operation. Bailey's promissory note read: "Dr. William H. Bailey hereby promises to pay to the order of California Dreamstreet the sum of $329,800." Four years later, Dreamstreet negotiated the note to Cooperative Centrale Raiffeisen-Boerenleenbank B.A. (Cooperatieve), a foreign bank. A default occurred, and Cooperatieve filed suit against Bailey to recover on the note. Is the note executed by Bailey a negotiable instrument? Cooperatieve Centrale Raiffeisen-Boerenleenbank B. A. v. Bailey , 710 F.Supp. 737, Web 1989 U.S. Dist. Lexis 4488 (United States District Court for the Central District of California)