Chat with AIExam 20: Creation and Transfer of Negotiable Instruments
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The law of negotiable instruments was designed to create a substitute for cash and to facilitate commerce.Has the importance of negotiable instruments in commerce increased or decreased in recent years? How will increased online commerce affect the importance of negotiable instruments?
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(42) If the maker or drawer of a nonnegotiable contract fails to pay it,the holder of the contract can sue the non-performing party for breach of contract.
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