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Extensive review of black letter law on negotiable instruments discusses checks, promissory notes, and other negotiable instruments and commercial paper.
The text begins with an introduction to instruments and negotiability, including discussion of contract liability on instruments, instruments as property, and ensuring enforceability. Addresses claims and defenses to instruments, accommodation parties, and holder in due course.
Examines bank deposits and collection. Also provides ordinary drafts and documents of title in sales financing and letters of credit.