Negotiable Instruments,

Negotiable Instruments, Samuel Williston. Negotiable Instruments is a foundational treatise on the law of negotiable instruments in the United States. The work surveys the Negotiable Instruments Law as codified in most states, tracing its origins to the Bills of Exchange Act and the uniform acts drafted by state commissioners to promote uniformity. It explains the essential elements of Negotiable Instruments, including form, negotiability, and the rights and duties of makers, drawers, drawees, and indorsers; the concepts of promise and order; the distinction between real (absolute) and personal (equitable) defenses; and the holder in due course doctrine. The book divides the subject into chapters on general principles, title I and II of the law, including negotiation, presentment, dishonor, and discharge, as well as bill of exchange and promissory notes and checks. It also covers practical topics such as state variations, revisions, and supplementary exercises for students and practitioners. First published in 1915 by the American Institute of Banking, this work remains a classic reference for negotiable paper law.