22.1 Negotiable Instrument William H. Bailey, MD, executed a note payable to California Dreamstreet, a joint...

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22.1 Negotiable Instrument William H. Bailey, MD, executed anote payable to California Dreamstreet, a joint venture thatsolicited investments for a cattle breeding operation. Baileyâ€™spromissory note read, â€œDr. William H. Bailey hereby promises to payto the order of California Dreamstreet the sum of $329,800.â€ Fouryears later, Dreamstreet negotiated the note to CooperativeCentrale Raiffeisen-Boerenleenbank B.A. (Cooperatieve), a foreignbank. A default occurred, and Cooperatieve filed suit againstBailey to recover on the note.
Is the note executed by Bailey a negotiable instrument?Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. v. Bailey, 710F.Supp. 737, 1989 U.S. Dist. Lexis 4488 (United States DistrictCourt for the Central District of California)

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Case facts and data Lets analyse all the datafacts provided in the case and then we will answer the question asked Mr Bailey executed a note payable worth 3298003298K to California dreamstreet After 4 years See Answer

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