Discuss commercial paper, negotiability and bank-customer relations. Include
a. a list of four forms that a negotiable instrument may take
b. a discussion of the seven requriements that make an instrument negotiable
c. a definition of the terms holder and holder in due course and explain the circumstances
d. an explanation of the circumstances under which a holder becomes a holder in due course
e. an explanation of the rights and duties of the bank in a banking relationship.