InstructionThis time around, we will be covering Negotiable Instruments and Bankruptcy. Your reading assignments will cover the rules and requirements of negotiability along with formal requirements of negotiable instruments. You will also learn collection items, relationship between payor bank and its customer, electronics, consumer and wholesale funds transfers.. Lastly, you will learn about Bankruptcy and its many characteristics. To start with our discussion, let's consider the following: Henry Hughes, who operates a department store, executed the following instrument: $2,600 Chicago, March 5, 2018 On July 1, 2018, I promise to pay Daniel Dalziel, or order, the sum of Twenty-Six Hundred Dollars for the privilege of one framed advertising sign, size 24 × 36 inches, at one end of each of two hundred sixty motor coaches of the New Omnibus Company for a term of three months from May 15, 2018. Henry Hughes Is this instrument negotiable? Explain.