Last October, Johnny Evers sold a gross of baseballs to Joe Tinker for $750.(Small items are often sold in a "gross." A "gross" is a dozen dozens, which is 144.) In payment for the baseballs, Tinker drew a negotiable instrument on his account at Wrigley's Bank and named Evers as the payee.On the same day that he sold the baseballs to Tinker, Evers purchased a ticket to a World Series game from Frank Chance for $750.In order to pay for that ticket, Evers turned over the negotiable instrument that he had received from Tinker, wrote the words "Pay to Frank Chance," and signed his name.At that point, the negotiable instrument most likely consisted of

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The negotiable instrument in this case is a cheque with a special endorsement. Tinker originally drew the cheque as payment to Evers for the baseballs purchased, making it a cheque. When Evers transferred the cheque to Frank Chance, he wrote "Pay to Frank Chance" on the back, which is a special endorsement. This allows the cheque to be paid only to Frank Chance and no one else.

Last October, Johnny Evers Sold a Gross of Baseballs to Joe