Discharge for value

[shikamaru]

Citibank can't get back $500 million it wired by mistake, judge ruled. (https://www.msn.com/en-us/money/news/citibank-can-t-get-back-500-million-it-wired-by-mistake-judge-rules/ar-BB1dJIJN?li=BBnbfcN)



An exception to the rule
The law usually punishes those who spend money accidentally deposited in their accounts. Accidental transfers are common in the digital age, and wires can be paid back instantly. A Pennsylvania couple faced felony charges after spending money accidentally deposited in their account.

But New York law has exceptions to this rule, known as the "discharge-for-value-defense."

If the beneficiary is entitled to the money and did not know it was accidentally wired, they can keep it. Revlon lenders said they believed Citibank was wiring prepayments for a loan. After all, the money accidentally wired was the exact amount "to the penny" Citibank owed them, although the loan wasn't set to mature for quite some time.


Interesting article. Comments welcome. I surmise this case will be reversed.

[marcel]

Interesting article. Comments welcome. I surmise this case will be refersed.

Is it true you're required to introduce a typo in every post?

[shikamaru]

Discharge (https://saylordotorg.github.io/text_advanced-business-law-and-the-legal-environment/s19-04-discharge.html)

Dealings in negotiable instruments.

Negotiable instruments: Liabilities, defenses, and discharge (https://www.shsu.edu/~klett/CHAPTER%2026%20gBA%20362.htm#:~:text=Primary%20Lia bility%3A%20A%20person%20who,a%20negotiable%20inst rument%20upon%20presentment.&text=Only%20makers%20and%20acceptors%20(drawees,ar e%20subject%20to%20primary%20liability.)

[David Merrill]

https://youtu.be/bEQcyIGH_vQ

Or will you? (https://youtu.be/7I3ibU2-CU4)

Will this be required in every room? (https://www.airestech.com/product/lifetune-room/?cq_src=google_ads&cq_cmp=1682553266&cq_con=65067605266&cq_term=&cq_med=&cq_plac=&cq_net=u&cq_pos=&cq_plt=gp&gclid=Cj0KCQiAvbiBBhD-ARIsAGM48bzkzL1D7w7zDFeNXrB3j6vxeGmsOhf7Y4QUOqtnes XltllN97MAh0YaAtN9EALw_wcB)

[walter]

Did you notice her necklace?
Five five pointed stars.
the pentagram

[David Merrill]

https://youtu.be/bEQcyIGH_vQ

Or will you? (https://youtu.be/7I3ibU2-CU4)

Will this be required in every room? (https://www.airestech.com/product/lifetune-room/?cq_src=google_ads&cq_cmp=1682553266&cq_con=65067605266&cq_term=&cq_med=&cq_plac=&cq_net=u&cq_pos=&cq_plt=gp&gclid=Cj0KCQiAvbiBBhD-ARIsAGM48bzkzL1D7w7zDFeNXrB3j6vxeGmsOhf7Y4QUOqtnes XltllN97MAh0YaAtN9EALw_wcB)

Don't worry, 6478.

6477

6479

6480


P.S. Notice the sticky patch over the camera, and the shunt plug in the microphone. Deaf and blind, they are!

[David Merrill]

The Creator owns it. All the server farms and data silos are signaling on tiny nanowires of metal gold. China did that. I was there in the heyday etching wafers at Honeywell SSED (Solid State Electronics Division).

6481

Don't worry.

I got this.

It is Russian. So is shungite. Notice that the quantum resonance analysis is performed on a kilo of shungite. The blue bag, that too is filled with elite shungite. It is a tektite steamed by the asteroid belt.

6483


P.S. See for yourself! (https://www.globenewswire.com/news-release/2020/10/09/2106383/0/en/TailorInsight-Releases-Report-on-Intel-Nvidia-and-WIMI-Hologram-Cloud-Are-Building-Ecological-Advantages-in-High-end-Chips.html)

Notice how the holograms are powered by the 5G noise, captured in divine and sacred geometry.


In an interview with reporters, a number of experts, scholars, and company executives said that compared with traditional chips, the new generation of high-end chips as new infrastructure computing engines, such as 5G, AI, and intelligent computing, belong to a new track and need to build a new ecosystem.