Q2: Betty types up a paper that states, "I recognize that I owe Cathy $1 , 000 , payable when I sell my kitchen appliances: dishwasher, refrigerator, and stove/oven. From the proceeds, I will pay Cathy but not until I advertise (which I will do next week) the sale. I will then make payment in one month from today." She does not sign the paper. - What type of instrument is this? Discuss maker, payee, bearer, and more to explain your answer. - Is it negotiable? If not, why not?.