This is the last work of the late Leonard Gering who for decades has been an authoritative voice on the law of negotiable instruments, a subject described as notoriously difficult, which view is echoed by the learned Chief Justice in the foreword of this book. This work, like its two predecessors, is divided into two parts. Part One sets out in a clearly understandable manner the main principles underlying the law of negotiable instruments. Part Two contains the text of the Bills of Exchange Act 34 of 1964 (as amended by Act 56 of 2000) and conveniently and methodically deals consecutively with each section accompanied by a detailed commentary thereon.