Students are given the opportunity to analyze and apply rules governing the creation, and use of negotiable instruments, including checks, money orders, and promissory notes. Emphasis is placed on explaining the processes by which negotiable instruments created by one party can be acquired by subsequent parties and the respective rights and liabilities of all such parties. Rules, practices, and procedures for preventing theft and fraud in connection with the creation and use of negotiable instruments are also a central feature of the course.