Grayson wrote out a promissory note to Holly.In the promissory note, Grayson stated that he would pay Holly $275 as soon as Grayson sold his Mini Cooper.Grayson initialed the note instead of signing his first and last name. The promissory note also included a statement that it would be payable in five months, but the note was not dated.

Discuss the elements of negotiability and whether each one has been met.Then declare whether the note is negotiable