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.

Topic:

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.

 

In addition to content, you will also be graded on grammar, spelling and punctuation.  Your paper must be double-spaced, font size 12 and between 3 to 5 pages in length.  At least three sources are required (Wikipedia in an unacceptable source for academic research.  You may use it as a starting place, but it does not count as one of your sources.).  Findlaw is an appropriate source for information about this issue and can also be a starting point. Submit your paper through the assignment link in week 5 and also through Turnitin.

 

GRADING RUBRIC

The research paper will be graded on the depth of the arguments, the analysis, coherence, and editing (grammar and mechanical correctness).  100 points.

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