Mary just gave Seth a promissory note for the $$500$ he lent her. She figured that she would never be able to pay the money back in a reasonable time, so she promised to pay half in chocolate chip cookies at a batch a week over the next five $(5)$ years. Is this a negotiable instrument?

Yes. The chocolate chip cookies are considered goods and can be valued; therefore, the note is a negotiable instrument.

No$.$ The payments must be a fixed amount and payable in money.

Yes. The promise to pay is unconditional.

No$.$ The promise to pay for the cash will make that part negotiable.