Promissory Notes - An Idea

I like that, Satori – nice and simple - Can You Define 'Dollar' Please?

I read that any offer requesting ‘payment’ are supposed to have $ signs but if you look closely none ever do. It is ass-U-med you know they mean dollars … question is what are they requesting payment in, as a dollar is not clearly defined or specified? Say you returned a piece of paper with the exact amount of $ signs on it, the offer was requesting.

Have you not met the requirement, 'payment' in the spirit of the law [paper with ink on it], as there is no substance of the law [just weights and balances]?

[Ry123]

NarrowPathPilgrim, do you think it should be instead of pay, discharge debt to the order of? And instead of payer, creditor? And instead of payee, debtor? It would make sense better no?, that the debt you are discharging the debtor of. If it says pay doesn't that make you the debtor? Or what about dischargerer .

Originally Posted by NarrowPathPilgrim

How does this look?

[NarrowPathPilgrim]

Originally Posted by Shoonra

(1) This has NOTHING to do with "HJR 192".

Actually it does. The point is that debt CANNOT be paid because there is no lawful currency; debt can only be discharged.

Originally Posted by Shoonra

(2) This doesn't even come close to satisfying the criteria for a promissory note.

Hey, a promissory note only needs four things. A payer, payee, amount and date.

Originally Posted by Shoonra

(3) Many (perhaps most) courts have taken to requiring, except perhaps from recognized bailbondsmen, cash for bail rather than any sort of check or promissory note.

LOL, you mean that they take only worthless promissory notes? The courts in your town must be stupid!
But it really doesn't matter, I am actually hoping that they refuse to accept it! Because if ANYONE refuses to accept legal tender then that debt is PAID.

Originally Posted by Shoonra

(4) Instead of pulling this stunt, which could get your friend into even hotter water, maybe it's time he consulted a real lawyer with experience in this sort of situation.

Are you referring to esquires?

Originally Posted by Satori

Niiice! The method below might be simpler, but yours would be more interesting as proof-of-concept.

http://www.freewebtown.com/satori/li...on/define.html

Enjoy.

Thanks for the article!

Originally Posted by free_martha

I read that any offer requesting ‘payment’ are supposed to have $ signs but if you look closely none ever do. It is ass-U-med you know they mean dollars … question is what are they requesting payment in, as a dollar is not clearly defined or specified? Say you returned a piece of paper with the exact amount of $ signs on it, the offer was requesting.

Many of the older generations of the American people were taught to write the "S" with two lines through it (Now they only have one line through it $). The two lines was a derivative of the "U" inside the "S" signifying "Units of Silver".

Originally Posted by Ry123

NarrowPathPilgrim, do you think it should be instead of pay, discharge debt to the order of? And instead of payer, creditor? And instead of payee, debtor? It would make sense better no?, that the debt you are discharging the debtor of. If it says pay doesn't that make you the debtor? Or what about dischargerer .

Yes, you are right! Thanks you for mentioning that! I made that in a hurry, but I can change it

Sincerely, Zach Doty

[Ry123]

Maybe Shoonra saying to put the cite on it, the dictionary number, so then if you do that you could write on it legal tender in accordance.

But why use a promisory note, isn't that like a FRN debt instrument?

I think you are talking about writting a credit instrument.

Thanks for the questions NarrowPathPilgrim.
BTW, this is a radio station, www.familyradio.com It's non commercial, no commercials, except for it's own materials which are free.


Originally Posted by Shoonra
(2) This doesn't even come close to satisfying the criteria for a promissory note.

Hey, a promissory note only needs four things. A payer, payee, amount and date.

Ms. Fugate: According to Florida Statute 672.204, price payable in money, goods, realty or OTHERWISE. I chose OTHERWISE, which was the bill of exchange. And there is a large amount of case supporting the facts that notes and bills of exchange are the same as money and checks.

Bank One v Fugate case # 2001-31518-C1C1 line 19-23 [in download section]

[NarrowPathPilgrim]

Originally Posted by Ry123

But why use a promisory note, isn't that like a FRN debt instrument?

Yeah, but it is better than FRNs, because my promissory note would actually be redeemable after a lawful currency is reinstated.
Why use it? Well, because if they accept it, then I don't have to pay them until a lawful currency is reinstated. But if they do not accept it, then the debt is deemed to be paid because they refused tender of payment!

Sincerely, Zach Doty

[idknow]

it's only a conditional tender

[Shoonra]

Leroy Schweitzer was churning out funny money with the same sort of "conditional tender". It was worthless. This is worthless. It won't be accepted for a bailbond. If it slips past the court clerk there may yet be repercussions for submitting a "fictitious bond".

I am not sure if bail is even available for someone facing a return to prison for violating parole, but this positively won't be accepted as security for bail.

I gave my best advice already. You are wasting time conjuring an idea which cannot have any but bad consequences.

So, Shoonra, Can You Define 'Dollar'?

It is said that the law [public policy or whatever it is construed to be] does not require impossibilities.

Now, the spirit of the law is paper money – ink on a piece of paper. How is it possible to ‘pay’ with substance of the law [money of just weight measure, gold, silver] when it does not exist? Has not the law aka public policy just required an impossibility?