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I saw the video with writing checks without dollars in words. I put "Not a legal requirement". I deposited it. They ended up reversing it and charging me 5.00 for a non-negotiable instrument as they put it.
Has anyone had any success with this? From the youtube videos you can look it up if you don't know what I am talking about.
Thanks.
In both of your posts you refer to videos but do not include links so that we may watch. I am unfamiliar with this doctrine of not specifying Dollars.Quote:
Originally Posted by createvalue9
It might be similar to striking through the ORDER for negotiable federal reserve notes. AKA redeeming lawful money.
Let me get this straight - Robb has a theory ... that if you write a check without spelling out the amount of "Dollars" the bank will honor the check, paying a different form of money (or perhaps a different account), and your account won't be debited. Essentially free money. Is that about right? And then Robb tries it, paying a couple bills but then rather than wait a week or 2 to see the results he produces a half-hour video about it. Is that about right?
The Theory part was right ..
You forgot the "harebrained " part
Quote:
Originally Posted by Binbokusai Yagyuu
There is a similar process called Public Office Money Certificate that functions on the precept that there is no definition for Money on Account in America. It only functions for discharging government debt as an official and upon a Letter of Credit, Page 2. The LoC shows good faith.
The basis, which is widely misunderstood is that a debt is waived if the legal tender offered is refused. The case law is Trebilcock v. Wilson where the Court insisted that the new US notes (first legal tender in America) would suffice for payment of debts.
The district attorney here was running a vacant office and had to accept the discharge but I became too bold and tried to set up an account for parking tickets and so he prosecuted me for theft. However the only charge he had any foundation for was forgery - these POMC's looked too much like standard bank checks!
Since I spent 70 days in jail over this issue I do not recommend it, because it demonstrates that the DA will figure out a way to attack you, even with the legally sound principles. I had to fight back dirty just to break even.
I'm sorry to hear that you spent 70 days in jail over that issue... Sounds like this to me...
http://www.youtube.com/watch?v=PDVDoXUQRHo