DISCUSSION 4 - Is it a Negotiable Instrument Facts: The Venetian approved a credit line of $500,000 to Nehme. One day, while gambling at the Venetian, Nehme signed a casino marker for $500,000 payable to the Venetian. Nehme exchanged the marker for chips and lost all $500,000 worth of chips playing blackjack. Nehme then left the Venetian with the marker outstanding. The Venetian presented the $500.000 markar to Bank of America, the bank specified on the marker, but the marker was returned for insufficient funds. The Venetian sued Nehme for failure to paya negotiable instrument. Issue: Is the Venetian's casino marker signed by Nehme a negotiable Instrument under the Nevada Uniform Commercial Code? If not, why not? If it is, why is it a Negotiable Instrument? Assuming it is a Negotiable Instrument, even if you do not believe it is one, what arguments can the Venetian use to enforce the Negotiable Instrument? Maximum points = 10, minimum points=0 INSTRUCTIONS Discussions - 10 points per discussion These are professor created assignments. You will be required to participate in an online discussion of a topic of the professor's choosing You will be required to read a fact pattern and answer questions related to the fact pattern provided. These discussions will ask questions and create small group and/or full class discussions. These assignments are designed to allow you to be a contributing group member who solves problems and fosters positive communication All responses must include legal analysis and provide the reader with your response to the question(s) posed, and the reason for your answers. Answers must be professional, polite and collegial in nature and MUST not be disruptive, rude, obscene, or offensive There are two parts to this assignment, each is worth up to five (5) points There are two parts to each of these assignments - each worth a maximum of 5 points PART 1 - Commenting directly upon the initial questions posed by the professor. You must reply directly to the professor's initial discussion questions PART 2 - Comment in response to one other student's (you can comment on more than one but only one is required) direct comment to the professor's initial questions