Create a scenario about negotiable instrument, and identify the real issues and the red herrings

Create a scenario about negotiable instrument, and identify the real issues and the red herrings
A negotiable instrument is a document which is duly signed and promises to pay a certain amount to a particular person or assignee. The amount is payable in the future on demand by the payee who receives the payment only if the name is indicated on the instrument. These instruments are transferable and can be assigned as well as traded in the secondary market (Adam Hayes, 2020).
A negotiable instrument is a term which consists of bills of exchange, promissory notes and cheque payable to the bearer (Anubhav Pandey, 2017). Thus, the various scenarios that must be provided while making a negotiable instrument are as follows:
1. There must be written which...