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Question: joe and jack slick are now in the business of...

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Joe and Jack Slick are now in the business of buying and selling used cars under the trade name of Slick Autos. Over a period of time, they sold a number of automobiles to Billy Bob, a sole proprietor doing business as Bob’s Cars. In connection with each purchase, Bob’s Cars executed a negotiable instrument drawn on the Auto State Bank. Upon delivery of each negotiable instrument, the automobiles were delivered to Bob’s Cars. Each of the instruments involved in these transactions contained a number of variations in text and form. However, each of them was similar in that each was drawn on a bank, signed by the maker and contained an unconditional order to pay a sum certain on demand of the payee. What type of negotiable instrument is involved in these transactions?

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