Your brother, Glenn, recently bought a piece of property from his best friend, John. Glenn gave John a promissory note that stated "this note is for lot XZY-222, for a price to be determined at a later date after appraisal."
Discuss whether Glenn's promissory note is a negotiable instrument.
Answer the following questions:
According to the UCC, what are the requirements for a negotiable instrument?
Does this promissory note qualify as a negotiable instrument? Why or why not?
What is a frivolous lawsuit? Give several examples. No research is required. I just want your opinion.