Is the shirt a negotiable instrument

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Reference no: EM13135801

To be a valid Negotiable Instrument, certain requirements are necessary. Suppose a taxpayer wanted to protest the amount he had to pay to the Internal Revenue Service. While playing a round of golf under the hot Florida sun, he writes on the back of his old, sweaty, golf shirt "Bank of Mine, Pay to the order of the IRS" and fills in a dollar amount. He signs it by dipping his hand into the mud around the waterhole on the 15th green and making a muddy hand print as his mark at the bottom of the shirt. When he finishes playing the 18th hole, he takes off his stinky shirt and mails it along with his tax return to the IRS.

Is the shirt a negotiable instrument? For extra points, how many years does he get to spend in a federal prison for messing with the IRS?

Reference no: EM13135801

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