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Ellen owes Fred $5,000 for past due rents that were incurred while Ellen was in Law School. Ellen sends Fred a letter that states I,

Ellen owes Fred $5,000 for past due rents that were incurred while Ellen was in Law School. Ellen sends Fred a letter that states "I, Ellen, acknowledge that I owe Fred $5,000. I will put my vehicle up for sale and will pay Fred within 30 days of selling the vehicle. What type of instrument is this? Is it negotiable? Why or why not

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