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I have understood
that ANY use of FRNs puts us under contract. However, it seems to me that it is not a correct and proper contract since it is not fully disclosed and arbitrary in nature in that it is the only widely accepted means of expenditure.
I have heard it said that if you inscibe each and every FRN you handle with UCC1-308, all rights reserved, then it has the effect of nullifing said contract. I realize that all of this doesn't answer the question, but I wish to bring these points up to further the discussion.
Sic Gorgiamus Alus Subjuctatos Nunc
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