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Negotiable instruments, such as checks and promissory notes, carry several risks, including the potential for fraud and forgery, which can lead to financial loss for the holder. Additionally, issues like insufficient funds or default by the issuer can result in non-payment. There's also the risk of disputes over ownership or terms, which can complicate enforcement. Lastly, improper handling or loss of the instrument can result in complications in claiming rights to the funds.

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