Please answer the following.

EL2 Fact Situation At Sidney wants to borrow $100,000 to make a real estate investment. Kelly is willing to loan the money to Sidney, provided Kelly and Sidney can negotiate the terms of a promissory note which are satisfactory to both parties. Kelly can invest the $100,000 in a AAA-rated 20-year corporate bond and receive a 4% return annually. Sidney has a fully-paid life insurance policy in the face amount of $150,000, payable upon Sidney's death, which Sidney is willing to use as collateral. The policy has a cash value of $80,000. Sidney suggests that the promissory note be payable upon Sidney's death. Kelly wants the promissory note to qualify as a negotiable instrument so that Kelly has the flexibility to sell the note in the future should Kelly so desire. Sidney has recently invested in cryptocurrency and suggests that repayment to Kelly could be in Bitcoin, cash and/or a combination of both. Sidney is even willing to deed a portion of the real estate Sidney will purchase to Kelly in satisfaction of all or a portion of Sidney's debt. EL2 Pre-Assignment Reflection Each student should answer these questions individually. Document and save your responses for use in the reflection you will prepare at the end of this assignment. 1. What do you know about the requirements of a negotiable instrument? 2. What could compromise or impair negotiability and payment and how do your protect yourself accordingly? 3. What result would be most beneficial to you, personally (from the perspective of the party whose role you have assumed for purposes of this assignment)? 4. How might you best negotiate a favorable result? EL.2 Assignment One student assumes the role of each party. Negotiate and draft a promissory note for Kelly's loan of $100,000 to Sidney. Points to consider as you negotiate the terms of your promissory note could include: 1. Terms of payment and rate of interest. 2. Source and method of repayment and period of repayment. 3. Any miscellaneous terms either party may desire. 4. Definition or identification of events of default and consequences