Your answers should use a 12-point font, be double-spaced, and use APA formattin

Your answers should use a 12-point font, be double-spaced, and use APA formattin

Your answers should use a 12-point font, be double-spaced, and use APA formatting to cite references on the last page of your assignment (if you use any external sources). It should be submitted as a Word or PDF document.
Please see the rubric at the bottom of the page to review how this assignment will be graded.
Answer the following questions:
Define negotiable instruments in your own words. Provide an example of a negotiable instrument (check, promissory note, dollar bill, etc.) and create a drawing or use an existing photo. On the image, label the parts of the negotiable instrument.
Muriel Evans writes the following note on the back of an envelope: “I, Muriel Evans, promise to pay Karen Marvin or bearer $100 on demand.” Is this a negotiable instrument? Discuss why or why not.
What does it mean to endorse a negotiable instrument in blank? Give an example.
What does “Pay to the order of ____________ without recourse mean? Give an example. What are the benefits of using “without recourse”?