-
Senior Member
Originally Posted by
David Merrill
I thought
this interesting.
Yes it is pretty interesting, but how about we figure out what we can do with a instrument that is being used today?
UCC 3-104 Negotiable Instruments
(d) A promise or order other than a check is not an instrument if, at the time it is issued or first comes into possession of a holder, it contains a conspicuous statement, however expressed, to the effect that the promise or order is not negotiable or is not an instrument governed by this Article.
So if i am reading this correctly, to abrogate someone from negotiating a government issued instrument makes that instrument void?
ab·ro·gate (br-gt)
tr.v. ab·ro·gat·ed, ab·ro·gat·ing, ab·ro·gates
To abolish, do away with, or annul, especially by authority.
In and interest creates an estate, how we negotiate that instrument could depend what side of the treasury we are communicating with.
Last edited by motla68; 11-03-11 at 11:37 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
-
Forum Rules