Visit one of the following sites:

The Cornell Law School Legal Information Institute

These sites offer an overview of negotiable instruments law, federal and state statutes and regulations, and federal and state court decisions. Using one of these sites, search for “negotiable instruments”.

Choose one of the Results for the US Code.

In a 1-2 page Microsoft Word document, summarize your findings. Did you locate any information that perhaps was surprising to you? Did the information you located offer you any further knowledge on the subject of negotiable instruments or how they are viewed and handled by the US Code? Was this information confusing to you? Why or why not? Explain how it would assist a business owner to be aware of the information you gathered, from the search choice you made.

Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.

Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.doc” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below.

Jstudent_exampleproblem_101504

Preview of the answer..

It is very clear that in commercial world negotiable instruments play a very vital role. They can however, be non-negotiable or negotiable. In that case, the must appear under one of the two groups. For instance negotiable instruments become negotiable either by mercantile usage or by statute. It is evident that promissory notes, bill of exchange and cheques are the three crucial negotiable instruments that are largely used in all transactions of the international trade negotiable instruments among all the others (Ames, 1900).

However, Article 3 of the Uniform Commercial Code (UCC) covers dozens of sections that state out hundreds of rules on how negotiable instruments..

APA 347 words