Every day millions of checks and drafts are issued by consumers and businesses. In addition, banks issue certificates of deposit and both consumers and businesses borrow money to purchase goods and services and evidence these financial transactions with promissory notes. Lawyers, CPAs, and bank managers must understand the law of negotiable instruments as it applies to checks, drafts, bank CDs, and promissory notes. This book was written to provide a complete understanding of negotiable instruments as promulgated by Article 3 of the Uniform Commercial Code by examining each section of Article 3. Problems (with solutions) and examples are set out to clarify the more difficult provisions of Article 3.