Case Problem:
Use what you have learned about negotiable instrument law to research and discuss why the plaintiff in a real estate foreclosure lawsuit should be required to produce the promissory note that was issued when the real estate owner took out the mortgage on the property. Could the homeowner have a successful “produce the note” defense that could delay or stop the foreclosure action? What actions of the parties may have caused the promissory note to be missing? Remember to address the significance and process of negotiation of instruments.
Write your answer in 3 to 5 pages in APA FORMAT and also include references.