9. Define assignment.
10. Can negotiable instruments be assigned?
11. Distinguish assignability from negotiability.
12. What is meant by the law merchant?
13. How do we happen to recognize the rules of the law merchant?
14. When was the law merchant first recognized in England?
15. To what classes of negotiable instruments were the rules of the law merchant originally applied?
16. To what classes of negotiable instruments are the rules of the law merchant now applied?
17. Define promissory note.
18. Name the parties to a promissory note.