a nonnegotiable note since it states that it is secured by a conditional sales contr 634079

Your client has in its possession the following instrument:

$700.000	Provo, Utah	May 1, 2002
Thirty days after date I promise to pay to the order of
	Cash
	Seven hundred	Dollars
at	Boise, Idaho
Value received with interest at the rate of 10% per annum.
This instrument is secured by a conditional sales contract.
No. 20	Due June 1, 2002	Len Bowie

This instrument is

1. A negotiable time draft.
2. A nonnegotiable note since it states that it is secured by a conditional sales contract.
3. Not negotiable until June 1, 2002.
4. A negotiable bearer note.