Abstract
With diminishing academic instructions on the laws relating to banking and financial economics, many Nigerian corporate entities are in for jerky commercial realities. Also banking habit promotion may be stalled if experiences with assignable/negotiable DiiabJe instruments are appalling rather than appealing. This study examined and re-enacted the transactional efficacy of choses in action, harnessing secondary data from relevant legal provisions and publications. Primary data were gathered from ten officials of five randomly selected commercial banks with area/regional offices in Port Harcourt, Nigeria. The data analysis involved chi-square (X2) statistical application, which ultimately established the imperativeness of systemic credibility and stability. These and allied compliments are advocated to move the Nigerian financial system and macro-economy forward.
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