On behalf of digital cable company Elvin signs an instrument which he promises to deliver $1,000 feet of optic fiber cable to finance Elvin’s bank on March 1st. This instrument is:
Eatie is the payee of a bearer instrument, a promissory note in the amount of $1,000. Frank offers to irrigate eatie’s ranch next week for exchange for the note. Eatie agrees and delivers the note to Frank. Frank is:
Tod endorses a check to pay to Interstate Lumberif they deliver the Lumber by May 1st 2012. This is a:
Kip is Lou Lou’s agent authorized to write check on Lou Lou’s account at Metro Bank. Kip writes a check “pay to the order of emo”. Kip signs the check Lou Lou by Kip, agent. If Metro Bank dishonors the check the liability extends to:
Lou Lou only
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