WHAT DOES ACCEPTED FOR VALUE MEAN

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.It is issued to get value.An instruments that are issued for value isvery different than the kind of instrument you sign as a borrower.You are providingvalue in your instrument at least twice.You are giving the other party a writtenpromise to pay and putting up security (legal description), and you are admitting youhave already received a loan.In an instrument that is issued for value by the UnitedStates, there is no express promise to pay you, and there is no security given to youwhen you receive it.The only way you can make that instrument payable to you is toA4V so you can enforce your security interest in that instrument.When an instrument is issued by an agent of the United States based only on animplied promise, it has to be issued for value, or the issuer would have no defensesagainst a claim of fraud or abuse.The transferee has a security interest in theinstrument if the issuer cannot produce an antecedent claim based on a preexistingcontract, which the issuer cannot do.If he could, it would not be issued for value.Ifthe instrument is not accepted for value, and then returned for value, the transfereewaives his security interest in the instrument and waives his position as holder in duecourse with the right to enforce the instrument.The issuer has the liability untilsomeone else takes on the liability.That is supposed to be the transferee, if theagent s plan works.Transfer means moving something by a transferor to a transferee; from one placeto another place.In commerce, a transferor is usually attempting to transfer hisliability to the transferee, which is fine if he is also transferring the security interestalong with the liability.In the United States, it is presumed the transferee (U.S.citizen) has an obligation on a preexisting contract (pledge) to pay an instrument asthe result of another party (international bankers) having a direct or indirectantecedent claim against the transferee.It could even be a preexisting claim againstthe transferee s (U.S.citizen s) creditor (United States).This is where public and private become hazy.When the United States isdealing with its sureties (U.S.citizens), you are looking at a public relationshipcontrolled by public policy.The people are not under public policy.France is notunder public policy of the United States either.When the federal United States isdealing with the country of France, the relationship is governed by the laws of nature.It is by private agreement.When corporate United States is dealing with corporateFrance, the relationship is governed by the Law Merchant.That is also by privatePage 35 of 50agreement, but under a different set of laws.When the United States is dealing withits creditors, you are looking at a private relationship between corporate United Statesand other corporate persons that supposedly made loans to corporate United States.The Law Merchant governs commercial actions among corporate nations.It is publiclaw, but the law of the individual contracts corporate United States has with thoseother corporate persons, is private law.When the national United States is dealingwith its corporate subdivisions (State of ___), that relationship is governed by publiclaw.The law of the contracts corporate United States has with its corporatesubdivisions is administered by public policy.The law of the relationship the nationalUnited States has with its officers, agents, and employees is controlled by public lawthrough statutes.The law of the relationship between the federal government and thepeople in the several states is the Constitution.This is a private arrangement.Thepeople cannot have public contracts with corporate United States.They already havea private arrangement that puts the people as beneficiaries, and the President as theexecutive trustee.These are all relationships that are governed by some kind of law;often a law that is not even considered by one of the parties.People people = private law (agreements)Several States people = private law (state constitutions)Federal United States people = private law (Article VI oaths)U.S.citizens people = private law (agreements)Corporate United States people = private law (agreements)International lenders people = no relationshipFederal United States several states (Ohio) = private law (Constitution)Federal United States other countries = private law (treaties)Corporate United States international lenders = private law (agreements)Federal United States foreigners = private law (law of nature and nature s God)National United States U.S.citizens = public law (statutes)National United States members States (State of Ohio) = public law (statutes)Corporate United States other nations = public law (international Law Merchant)National United States foreigners = public law (international Law Merchant)Technically, a U.S.citizen has no direct obligation to the international bankers, sotheir presumed claim against the U.S.citizen is initially a failure.If the United Statescan get its surety (U.S.citizen) to acknowledge the claim being made by theinternational creditors, through the process of novation, the objective can beaccomplished; the objective being that the U.S.citizen has voluntarily taken on theliability of the national debt [ Pobierz całość w formacie PDF ]

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