3.Ojukwu bagged his MBA Degree from Ahmadu Bello University in 2010. Since then, he has vowed to put his business knowledge into practice. He is a wise businessman who knows his onions. He is a money magnet and has the ability to turn trash into treasure. On the 30^thday of October 2018, Alh. Ojukwu saw a truckload of pepper ready to be sold at a very cheap price of Ten Thousand Naira only by one Mallam Kayanmiya. He saw this as an opportunity to buy same and make good profit, but he had no liquid cash on him. Also, he did not carry his cheque book with him. However, he quickly brought out his pen and paper and wrote thus:"I Alh. Ojukwu hereby agree and promise to pay to Mallam Kayanmiya the sum of Ten Thousand Naira only for value received on or before the 30^thday of December, 2020.If this note is in default and is placed for collection, I shall pay all reasonable cost of collection ...". Thereafter, the instrument was given to Mallam Kayanmiya.

A. What kind of negotiable instrument was issued and executed by Ojukwu? (1 mark)

B. Between Alh. Ojukwu and Mallam Kayanmiya who is the payee in relation to the instrument? (1 ).

C. Can Mallam Kayanmiya in law renegotiate the said instrument to a third party? (1 ).