Case BYHoPsrs case 1?.2: Alpacas afmeca, LLC v. Grooms 5am and Udalis Groome entered into two contracts to buy alpacas from Alpacas of America, LLC {ADA} and signed two notes to nance the purchases. |I.r"'."ithin a few months, the Groomes stopped making payments. More than four years later, ADA led a suit in a Washington state court to collect. The court ruled that the notes, which contained references to the contracts, were not negotiable instruments, and applied the UCC's four-year statute of limitations on contract actions {instead of Article 3's six-year limit} to dismiss the suit. ADA appealed. A state intermediate appellate court reversed. The notes were negotiable. Despite containing references to the contracts, the notes were unconditional promises to pay. The notes did not include express conditions on the promises, they did not state that they were subject to or gouemed by another writing, and they did not indicate that the rights or obligations with respect to the promises were stated in another writing. Notes and Questions lQuestion 1: What is the difference between a contract and a negotiable instrument? lQuestion 2: In circumstances like those in the Alpacas case, could a maker successfully argue that a note is conditional, and thus not negotiable, because it is not separate from its underiying contract but merely enforces it'EI