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Monday, 7 October 2013

The Function and Creation of Negotiable

Instruments 
Articles 3 and 4 of the UCC
A “negotiable instrument” is a signed writing containing an unconditional promise to pay an exact sum of money.
History of negotiable instruments began in England “bills of exchange” so that merchants were able to exchange money while keeping their money safe in the banks.

Today, UCC Article 3.

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