The concept of value in the law of negotiable instruments is the same as the concept of consideration in the law of contracts.

Name: The concept of value in the law of negotiable instruments is the same as the concept of consideration in the law of contracts.
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The concept of value in negotiable instruments is broader than consideration in contracts, as it includes not only consideration but also other forms of value like antecedent debts.

The Concept of Value in the Law of Negotiable Instruments