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What kind of legal enforcement does negotiable instruments has?
Wiki User
∙ 9y ago
Article 3, Part 3 of the Uniform Commercial Code explains the law regarding enforceability of negotiable instruments. Anyone with an interest in the negotiable instrument can enforce its payment when payment becomes due. Parties who do not honor their responsibilities may be liable for damages incurred by the other party.
Wiki User
∙ 9y ago
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