Results 1 to 10 of 27

Thread: The BILL is NOT a BILL

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #8
    Quote Originally Posted by walter View Post
    Its a defective bill because they don't have "consumer purchase" written on it.
    It becomes defective when NOTICE is given of the defect.

    Has anyone ever tried depositing a "statement" (bill) into a bank account?
    This is why I suggest this indorsement.

    BACK OF PRESENTMENT, 90-DEGREE ANGLE, HAND-PRINTED, BLUE INK:

    For Deposit Only
    to the account of
    United States
    12 USC 342

    John Henry Doe



    This DEPOSIT is the next step... but all of the follow-up documents need to be in place first... based on research in this folder about "Confusio - Merger - Extinguishment - Discharge"

    And about "indorser's recourse" in this book.

    Notice that all "statements" demand "payment".

    Why are we then tendering "promises of payment" known as FRNs?
    Last edited by doug555; 10-10-14 at 09:58 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •