PRIVATE
THIS IS NOT A PUBLIC COMMUNICATION Your name here, sui juris
Refusal is discharge ADDRESS
Without prejudice UCC 1-308/1-207
Notice to agent is notice to principle
Notice to principle is Notice to Agent
Applications to all successors and assigns
BILL OF EXCHANGE
Refusal is discharge Your SS# XXX XXX XXXX
Your Customer/Account #
Credit amount via statement(s)
Certified mail number__________________
1. Federal Reserve notes are obligations and have no redeemable value in gold or
silver coin, wherefore the amount of tender or obligation is always zero. See -U.S.
Constitution, 1789, Article 1, Section 10. “No state shall ...make anything but gold
and silver coin a tender in payment of debts”... Wherefore there can be no payment
of the debt. Only discharge of debt.
2. A bill of exchange fulfills the legal definition of a negotiable instrument (currency) and
also per Uniform Commercial Code (UCC) 3-104 and legally discharges any alleged
debt. This is merely a “promise to pay” and not a sight draft, forged document, bogus
instrument, etc. . . . Once tendered, the debt is discharged. Period.
3. Refusal to accept is the discharge of debt. See UCC § 3-603. TENDER OF
PAYMENT.(b) If tender of payment of an obligation to pay an instrument is made
to a person entitled to enforce the instrument and the tender is refused, there is
discharge, to the extent of the amount of the tender, of the obligation of an
endorser or accommodation party having a right of recourse with respect to the
obligation to which the tender relates.
4. A “Bill of exchange” will be monetized/discounted by the Federal Reserve for any of
its member banks or any individual, partnership, or corporation. See USC TITLE 12 >
CHAPTER 3 > SUBCHAPTER IX > § 343• Upon the endorsement of any of its
member banks, which shall be deemed a waiver of demand, notice and protest by
such bank as to its own indorsement exclusively, any Federal reserve bank may
discount notes, drafts, and bills of exchange arising out of actual commercial
transactions; that is, notes, drafts, and bills of exchange issued or drawn for
agricultural, industrial, or commercial purposes, or the proceeds of which have
been used, or are to be used, for such purposes, the Board of Governors of the
Federal Reserve System to have the right to determine or define the character of
PRIVATE
the paper thus eligible for the discount, within the meaning of this chapter.
Nothing in this chapter contained shall be construed to prohibit such notes,
drafts, and bills of exchange, secured by staple agricultural products, or other
goods, wares, or merchandise from being eligible for such discount, and the
notes, drafts, and bills of exchange of factors issued as such making advances
exclusively to producers of staple agricultural products in their raw state shall be
eligible for such discount; but such definition shall not include notes, drafts, or
bills covering merely investments or issued or drawn for the purpose of carrying
or trading in stocks, bonds, or other investment securities, except bonds and
notes of the Government of the United States. Notes, drafts, and bills admitted to
discount under the terms of this paragraph must have a maturity at the time of
discount of not more than ninety days, exclusive of grace.• In unusual and exigent
circumstances, the Board of Governors of the Federal Reserve System, by the
affirmative vote of not less than five members, may authorize any
Federal reserve bank, during such periods as the said board, may determine, at
rates established in accordance with the provisions of section 357 of this title, to
discount for any individual, partnership, or corporation, notes, drafts, and bills of
exchange when such notes, drafts, and bills of exchange are endorsed or
otherwise secured to the satisfaction of the Federal reserve bank: Provided, That
before discounting any such note, draft, or bill of exchange for an individual or a
partnership or corporation the Federal reserve bank shall obtain evidence that
such individual, partnership, or corporation is unable to secure adequate credit
accommodations from other banking institutions. All such discounts for
individuals, partnerships, or corporations shall be subject to such limitations,
restrictions, and regulations as the Board of Governors of the Federal Reserve
System may prescribe.
By: Your name here, sui juris
Non-resident alien,without the US
All Rights Reserved; UCC 1-308 / 1-207
Affidavit
NOTARY PUBLIC
STATE__________________
COUNTY __________________
Subscribed and sworn before me, a Notary Public, the above signed Your name here.
This day of , year____________________
Notary Public______________________
MY COMMISSION EXPIRES: ______________________
SEAL
