These questions are about the sales and negotiable instruments of business law.

We are going to return to the story about John Teller and Chen Dawei and the sale of the motorcycle. Almost everything about the story is the same. However, we are going to change the story a little in a few ways. First, let's change the written contract a little. This time, let's assume that the contract is written in US dollars ($8,350) and that Teller wants to be paid the easy way-he wants a check that will clear his bank quickly. He is not sophisticated and does not feel comfortable with a wire transfer. +' Fortunately, Chen has that cousin who lives in Tulsa (a big city-or at least, big by Oklahoma standards-in Oklahoma, about 150 kilometers from Shawnee). The cousin's name is Xu Jintao but in the U.S. he uses the name Jim Shu. He owns a restaurant in Tulsa, called the "Shanghai Palace." Chen will send Jim Shu the money by wire transfer, and Jim will write the check. +' Teller and Chen's written agreement, in this version of the story, stated:+ "John Teller agrees to sell to Chen Dawei the motorcycle advertised on Craigslist for S8,350, CIF dockside Seattle. Teller will arrange delivery upon receipt of payment