INDICATE WHETHER THE FOLLOWING COMMERCIAL PAPER IS A NEGOTIABLE INSTRUMENT UNDER ARTICLE 3 OF THE UCC. IF YOU SAY IT IS NOT, THEN STATE WHAT ELEMENT OR ELEMENTS ARE MISSING. John took out some paper, wrote and signed the following: 

1. Pay Harold or bearer $500 in thirty days.

2. I should pay Louise for babysitting services $150 on or before March 15th, 2022.

3. I owe Jack $500 and will pay him on or about June 1 st, 2022.

4. I promise to pay Scott $1,000 in cash or precious metals on July 12 th, 2022.

5. I promise to pay Mary the money I owe on April 1st, 2022.

6. I promise to pay Louis $2000 on January 3 rd, 2022 or sooner on receipt of my bonus.

7. I promise to pay Jack $750 on the death of my grandfather.

8. I promise to pay Murah Beer Co. $ 500 for catering on August 9th , 2021 and reserve the right to extend payment for a very short time.

9. I promise to pay Mike $250 for work done at my residence and reserve to Mike the right to extend time for payment.

10. I owe Henry $900 and promise to pay him some or all of the money on or before 6-1-22

Answer rating: 100% (QA)

1 Yes It is a Negotiable Instrument This statemen states that a defin... View the full answer