Question: When TIP Tech was first starting up , Tyler loaned $ 5 , 0 0 0 to the company so it could purchase some supplies

When TIP Tech was first starting up

,

Tyler loaned $

5, 000

to the company so it could purchase some supplies to make its initial prototypes. Tyler didn't think it was necessary to have a lawyer draw up any documents memorializing the loan, so he wrote a document himself for the company to sign as a promise to repay the loan. The document says, "TIP Technologies promises to pay to Tyler $

5, 000,

plus

10 %

interest, on a date one year from the date of this instrument." TIP Tech then signed the document. Is this a valid negotiable instrument?

When TIP Tech was first starting up, Tyler loaned $5,000 to

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