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Is the following a negotiable instrument? Why or why not? I promise to pay to the order of Friendly Credit Union the sum of $10,000
Is the following a negotiable instrument? Why or why not?
"I promise to pay to the order of Friendly Credit Union the sum of $10,000 in monthly installments on the 1st of each month commencing February 1, 2017 plus interest of 6% per annum. (Signed) Larry Smith, January 17, 2017.
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