Chapter 14. Negotiable Instruments. Quote of the Day. “A negotiable bill or note is a courier without luggage.” John B. Gibson, Overton v. Tyler, 1846. Commercial Paper. System for transferring paper funds easily Types of commercial paper Negotiable Non-negotiable.
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“A negotiable bill or note is a courier without luggage.”
John B. Gibson,
Overton v. Tyler, 1846
“It is never wise to play an important game without understanding the rules. The rules of negotiable instruments are complex, but important because this game is played by virtually everyone.”