Discussion Item (Please must cite resources , all response must be supported by details and examples. Each response must more than 250words)

1. Identify and explain the requirements for creating a negotiable instrument. See UCC 3-104(a). If the writing does not meet the requirements to be a negotiable instrument, what is it? Is it still enforceable? Who is a holder in due course?

2. "Money is a good servant, but a dangerous master." Dominique Bouhours (1628-1702)

When can an authorized agent be personal liability on an instrument signed on behalf of a principal? What type of legal claims can be made? Should greater protections be available?

3. List and describe laws that protect debtor's rights. Why should we offer such protections, what are the objectives? Should more aggressive protections be offered?