The issues raised by the concept of negotiability and the rules surrounding its application require the examination not only of statutory provisions, but of the economic and technical developments involving the use of negotiable instruments. Courts have attempted to formulate approaches and interpretations that would support the use of such instruments on in our modern domestic as well as global economies. As a result, the authors of this book make reference to not only the UCC, but also to developments in relation to the United Nations Convention on International Bills of Exchange and International Promissory Notes, the International Chamber of Commerce - Uniform Custom and Practices governing letters of credit, and to communication systems involved in both domestic and global electronic data interchanges which facilitate the transfer of funds.
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