Results 1 to 10 of 28

Thread: $20 bill 1934 series

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #7
    Senior Member motla68's Avatar
    Join Date
    Mar 2011
    Location
    Within the confines of my own skin.
    Posts
    752
    Quote Originally Posted by David Merrill View Post
    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
  •