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Old 05-02-2008, 10:25 AM
Shoonra Shoonra is offline
Come and Get Some!
 
Join Date: Oct 2005
Location: Maryland
Posts: 2,632
For lack of a better place, here is a recent news item on a very flamboyant attempt to pass a bogus check ....
http://www.loweringthebar.net/2008/0...hings-big.html
This guy got extra points for having marijuana - and an illegal gun - on him when arrested. He claimed his girlfriend's mom gave him the 360 billion dollar check but (1) she denied giving him any check, and (2) her checking account had somewhat less than 360 billion dollars.


I response to the question raised in the previous message: No, positively a promissory note is not cash. It is not payment. If anything it is a delay of payment. As such, the creditor cannot be forced to accept a promissory note when the underlying debt becomes due, since the promissory note essentially renegotiates the debt by extending its due date. See, for example, Fleet Real Estate Funding v. Frampton (Okl.App 1991) 812 P.2d 416, 15 UCC Rptg Serv.2d 987. http://wyomcases.courts.state.wy.us/...p?citeid=15214
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