Quote:
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Originally Posted by David Merrill
The author of the document grabbed some definitions. I came across something in AmJur too:
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Thanks, David. You are quick.
The whole redeeming the coupon and accepting it for value process is still a little confusing.
So, if a coupon is considered a negotiable instrument, then it is covered in the UCC. However, you discussed previously redeeming the coupon (actually it was SaveUncleSam):
[indent] Does this mean that is it available for discharge of debt using the bond taken out in the name of the one named?[/INDENT]
I didn't see this in the UCC. This is where I'm lost.
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Peace,
-Gabe
For educational purposes only, not to be construed as legal advice.
No liability assumed, no value assured, without recourse.
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