The WBA Negotiable Instruments Manual provides readers an overview of the Uniform Commercial Code (UCC) rules associated with negotiable instruments, including the requirements of negotiability, payment and dishonor of checks, types of negotiable instruments, endorsements, check forgeries, and stop payments.
The manual will help readers further understand the roles banks play in the check negotiation process, a bank’s duties and responsibilities, and the potential liabilities to a bank based upon the representations and warranties which accompany the process of handling negotiable instruments. The manual includes a one-page summary of rules and a worksheet which provides a general workflow to help identify what is forged and who may bear potential loss.