[wirlwind]

Randy,


The way I understand it is the CPN is with conditions- that they provide verification and prove your liability-and then you will pay.&It is a good faith payment.& When they prove you owe it you will pay.&(And we are banking on the fact that they can't do that)&You have not refused to pay.& The way that I understand it is they then have something to put on the asset side of their "ledgers", and can discharge the debt as paid.& The money is not the issue.& It's what appears on paper.& Now&I may have that totally wrong, but I think that is the way it works-somehow.& I am just now starting to grasp the concept-I think.& Somebody-Jerseee, Ice, SJ- is that kind of the way it works?& Remember there is no money to pay debts, so according to HJR-192, all debts have to be discharged.& If payment is ever demanded, there is nothing to pay it with because FRN's are debt notes, and you cannot pay debt with a debt.


Then if they refuse the CPN, then the debt is voided because of refusal to accept payment.& And you haver remained in honor and haven't argued with them.& (Whew!& Did I get that right Jerseee?)


But wait for validation of everything I just said from some of the ones that really know this stuff!& If what I've said is wrong maybe SuiJuris can delete this so it doesn't confuse anyone.


Oh, I am so confused!


Donna