1. Explain the requirements necessary for something to be called a negotiable instrument? What is the result if even one of the requirements is missing?

2

YOUR NAME 123 YOUR STREET 9-5678/1234 0301 YOUR CITY, STATE, ZIP (123)456-7890 DATE Aug. 25, 2021 Food Lion MYSTERY ING PAY TO $ 142.00 THE ORDER OF One forty two ONLY DOLLARS SCOOBY- YOUR FINANCIAL INSTITUTION ANYTOWN, USA FOR groceries Wen Yen 1: 1234 56 7804: 0301 1230456 70 SCOOBY-DOO and all related characters and clements c & ~ HB. (stayYOUR NAME 123 YOUR STREET 9-5678/1234 0301 YOUR CITY, STATE, ZIP (123)456-7890 DATE Sept. 20, 2021 The BU INSIDE OUT PAY TO THE ORDER OF Lucy or Linus van Pelt $ $200 Two hundred ONLY DOLLARS YOUR FINANCIAL INSTITUTION ANYTOWN, USA football FOR Charlie Brown NGER. 1: 1 234 56 7804 0301 123045671YOUR NAME MEEP! 123 YOUR STREET 9-5678/1234 0301 MEEP! YOUR CITY, STATE, ZIP MEEP! (123)456-7890 Fall semester date PAY TO THE ORDER OF Central Piedmont Community College $ 1,000.00 One thousand ONLY dollars YOUR FINANCIAL INSTITUTION ANYTOWN, USA for Tuition and fees Wen Yen MP 1234 56 7801: 0301