Article 3 (Negotiable Instruments)

Article 3 of the law relating to negotiable instruments governs the creation, transfer, and enforcement of documents like checks and promissory notes that are used to pay money. It establishes rules ensuring these instruments are clear, valid, and transferable so that they can be easily used in transactions. The article details how these instruments are issued, endorsed, and how rights are passed on from one person to another, providing a reliable legal framework to facilitate trustworthy financial exchanges. Essentially, it helps ensure that negotiable instruments function smoothly and securely within commercial dealings.