Article 5, Letters of credit: These are typically issued by a bank or other financial institutions to business customers in order to facilitate trade.Article 4A covers fund transfers, not including electronic fund transfers. Article 4, Bank deposits and collections: This section provides rules for check processing and automated inter-bank collections.An instrument is considered negotiable if it can be transferred to another person while the person who originally promised to pay is still held responsible.
Article 3, Negotiable instruments: This section covers drafts (including checks) and notes representing a promise to pay a sum of money.Article 2A governs leases of personal property. Article 2, Sales and leases: This article governs the sale of goods.Article 1, Definitions and general provisions.
