Excerpt from The Law of Commercial Paper: Prepared in the Extension Division of the University of Wisconsin
Section I. Negotiable promissory notes and bills of exchange are the only kinds of Commercial Paper. There are no other kinds. There are a great many different forms which negotiable bills and notes may take, some of which have special names, as, for example, the bank check, which is perfectly familiar; but when the several varieties of negotiable or commercial paper are analyzed, they will be found to be either bills of exchange or promissory notes. Therefore, in our general discussion we shall speak of bills and notes without mentioning special forms.
These forms will be referred to constantly throughout the text.
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