Negotiable instruments are governed by:

Question

Quizplus · Accepted Answer

Negotiable instruments are primarily governed by the Uniform Commercial Code (UCC) in the United States. The UCC provides a standardized set of rules and regulations for the creation, ownership, endorsement, and transfer of negotiable instruments such as promissory notes, bills of exchange, and checks. While the common law of contracts may also be applicable, it is not the primary governing law for negotiable instruments. The CISG and the common law of arbitration may not be applicable at all in the context of negotiable instruments. The Supreme Court may play a role in interpreting and applying the UCC, but it is not the governing authority for negotiable instruments.

Negotiable Instruments Are Governed By