2 Attachment(s)
Acceptance For Value - What it is
"Acceptance For Value" in this instance, is the process by which one may take a statement that indicates a balance due and then gives value to that statement, directing the UNITED STATES to pay stated amount.
Why not, since;
All forms of payment are to be "legal" (private, under code).
Legal "forms of payment" merely discharge debt.
All legal debt may be discharged by "notes" which are the "obligation of the UNITED STATES" per USC 12 Section 411.
In 2006 I presented the Refusal For Cause process* for the first time which achieved satisfaction without having to file a Libel of Review and I have been applying the process ever since, (traffic tickets, court summons, city code enforcement, county fees/fines) even recently without forming a public record. ...Although proper record forming is highly recommended.
*HUGE THANK YOU's to David Merrill !!!
In 2006 I also applied the Accepted For Value process (Utility account statement) for the first time which achieved satisfaction and have been applying it ever since. I have also witnessed others achieve satisfaction with the Accepted For Value process which included applying "Money Order" to the coupon attached to account statements.
Reference to the UCC which supports it-
UCC 1-201 General Definitions
(37) "Signed" includes using any symbol executed or adopted with present intention to adopt or accept a writing.
UCC 3-103 http://www.law.cornell.edu/ucc/3/3-103
(1) "Acceptor" means a drawee who has accepted a draft.
(4) "Drawee" means a person ordered in a draft to make payment.
(5) "Drawer" means a person who signs or is identified in a draft as a person ordering payment.
(8) "Order" means a written instruction to pay money signed by the person giving the instruction. The instruction may be addressed to any person, including the person giving the instruction, or to one or more persons jointly or in the alternative but not in succession. An authorization to pay is not an order unless the person authorized to pay is also instructed to pay.
(You may notice that some coupons attached to account statements have the verbiage, "Please remit with payment". The account provider desires that the coupon be remitted ("Please" hence asking not demanding) with payment but what they don't say is that "accept for value" may be applied and that the UNITED STATES becomes the remitter.)
(15) "Remitter" means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser.
3-105 (a) "Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person.
UCC 3-303 Value... http://www.law.cornell.edu/ucc/3/3-303#3-303
Acceptance For Value - What it is
Quote:
Originally Posted by
David Merrill
A huge You are Welcome!
I have called this Redeeming the Coupon. I have several examples and recall the main counter-tactic was to release the debt for 10 days and then resume billing or sell the debt to a scavenger. One had to publish that Payoff and have confidence in it; but at the same time Refuse it for Cause - at least that they would reinstate the charges after 10 days.
What constituted publication?
If more people knew how to do this, it might begin a snowball effect.
Acceptance For Value - What it is
Quote:
Originally Posted by
David Merrill
I prefer we all Redeem Lawful Money by Demand pursuant to the Fed Act. - Much tidier.
I'm in agreement with you there, David. Easier said than done, though.
Although by all rights, it shouldn't be. Ignorance and mental conditioning aside.