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RE: question 3



Q: Characterize Swift as a "false conflict" if you can?

A: The policy of New York, that a pre-existing debt does not constitute
a valuable consideration when applied to negotiable instruments, seeks
to protect New York transactions initiated and completed in New York.
By applying general commercial law to a bill, initiated and exchanged in

Maine would not frustruate or impair New York's interest in protecting
New York Transactions initiated and completed in the State.

T. Tiu