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William H . Bailey, MD , executed a note payable to California Dreamstreet, a joint venture that solicited investments for a cattle breeding operation. Bailey
William H Bailey, MD 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 $ Four years later, Dreamstreet negotiated the note to Cooperative Centrale RaiffeisenBoerenleenbank BACooperatieve 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? Cooperatieve Centrale RaiffeisenBoerenleenbank BA v Bailey, FSupp. US Dist. Lexis United States District Court for the Central District of California
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