9.2 Types of Negotiable Instruments (the NIA's trio)

The promissory note: the maker's unconditional promise to pay (the "I promise to pay" — the two-party instrument); The bill of exchange: the drawer's unconditional ORDER to the drawee to pay the payee (the three-party instrument — the acceptance's craft (the drawee's "accepted" the liability's birth)); The cheque: the bill on a BANK, payable on demand (the banker's mandate — Unit 5's world; the crossing's craft (the two parallel lines (the "not negotiable" faces)); the truncation-and- digital faces (the modern era's instruments — the e-cheque's recognition)).