Negotiability Issues 2 You become entitled to payment of $2 million on delivery of precious unique valuable goods and their acceptance by two European customers. On the customers seeing the goods, they write you two separate IOUs and initially start with "I, the undersigned, do acknowledge ..." Because you know that a mere acknowledgement is not a promise, you ask them to rewrite each document. They start again: "I, , the undersigned, acknowledge that I owe $1 million, payable in Rome on 6 June, 2021. Signed at Civitavecchia, Italy." Would such a document constitute a negotiable promissory note? Is there a problem if it is non-negotiable from the payee's point of view? Discuss