1984 con- tract. See N.Y.U.C.C. § 3-403(21(b) (McKinney 1991). We disagree. Section 3-403 governs ne- gotiable Instruments. Finnish Fur Sales Co. I Juliette Shutoff Furs. Inc., 770 F.Supp. 139. Ian (S.D.N.Y.1991): Rotuba Extruders, Inc. I Ceppos. 46 N.Y.2d 223, 413 N.Y.S.2d 141. 43. 385 N.E.2d 1068, 1070 (Ct.App.1