Question: William H. Bailey, MC, executed a note payable to California Dreamstreet, a joint venture that solicited investments for a cattle breeding operation. Baileys promissory note

William H. Bailey, MC, executed a note payable to California Dreamstreet, a joint venture that solicited investments for a cattle breeding operation. Baileys promissory note read Dr. William H. Bailey hereby promises to pay to the order of California Dreamstreet the sum of $329,800. Four years later, Dreamstreet negotiated the note to Cooperatieve, a foreign bank. A default occurred, and Cooperatieve filed suit against Bailey to recover on the note. Is the note executed by Bailey a negotiable instrument? Why or why not?

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