Question
Harris Appliance Repair has entered into a contract with Lawndale Apartment Corp, to build and sell to Lawndale 100 Washing Machines. Based upon the contract
Harris Appliance Repair has entered into a contract with Lawndale Apartment Corp, to build and sell to Lawndale 100 Washing Machines. Based upon the contract with Lawndale Apartment, Harris will make a profit of $700 on each machine sold. Lawndale Apartment requires that the Washing Machines perform at a high volume and high capacity. Harris Appliance Repair contacts Maytag, and tells the sales representative of the requirements for the Washing Machines that he is building for Lawndale Apartment. Maytag advises him that he will need a horsepower motor for the machines. Harris advises the Maytag sales rep that he is under a contractual deadline with Lawndale Apartment and therefore he must have 100 of the horsepower motors no later than July 1 in order to finish building the Washing Machines in time to satisfy her contractual obligations to Lawndale Apartment. The sales rep agrees to the terms.
To purchase the washing machines, Paul Harris, the owner of Harris Appliance Repair sends a document to Maytag that states: I, Paul Harris, promise to pay to Maytag, the amount of 90,000 dollars, in 10 equal installments of 9,000 dollars, to begin 30 days after the washing machines are received. Paul Harris signs the document Boogey Harris, as he normally signs document using his middle name instead of his first name. The document is dated October 1 2023.
Is the document that Paul Harris sent to Maytag a negotiable instrument? Your answer needs to be consistent with professor Bryant's instructions as to the information that you are required to discuss whenever this issue is raised. Fully discuss.
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