Essential reference on negotiable instruments and their enforcement
This edition compiles the core rules and governing principles of the Negotiable Instruments Law, drawn from the draft prepared for the Commissioners on Uniformity of Laws by John Jay Crawford. It offers a clear, practitioner-focused overview of how negotiable papers are created, transferred, altered, and enforced in practice.
This book presents the law in a structured, user-ready format. It includes definitions, core concepts, and the interplay of duties and rights among makers, drawers, acceptors, and holders. The material is organized around key topics like acceptance, indorsement, presentment, payment, and related defenses, with attention to how different states interpret or revise these provisions.
What you’ll experience
- Clear definitions of terms such as bearer, bill, note, and instrument, with practical examples.
- Explanations of essential rules for presentment, payment, and payment for honor.
- Discussion of special topics like accommodation paper, altered instruments, and defenses available to prior parties.
- An indexed look at the laws repealed and the historical context guiding uniform approaches.
Ideal for readers of law school coursework, legal practitioners, and researchers seeking a concise, grounded reference to the law governing negotiable instruments.