UCC Revised Article 3 covers negotiable instruments within theUS. What problems hinder any efforts to establish uniforminternational rules for negotiable instruments? What additionalvariables do you see in trying to establish a uniform internationalset of rules for negotiable instruments compared to doing so solelywithin the United States?
Like the folk song from the 1960's, "The times they are achangin'." UCC revised Article 3 and the law of negotiableinstruments were designed to create a substitute for cash and tofacilitate commerce. Has the importance of negotiable instrumentsin commerce increased or decreased in recent years? How willincreased online commerce affect the importance of negotiableinstruments?
