anyone willing to explain how, when and why "supra protest" is to be used in a bill of exchange instrument.
ACCEPTOR SUPRA PROTEST, in contracts, is a third person, who, after protest for non-acceptance by the drawee, accepts the bill for the honor of the drawer, or of the particular endorser. 2. By this acceptance he subjects himself to the same obligations as if the bill had been directed to him. An acceptor supra protest has his remedy against the person for whose honor he accepted, and against all persons who stand prior to that person. If he takes up the bill for the honor of the endorser, he stands in the light of an endorsee paying full value for the bill, and has the same remedies to which an endorsee would be entitled against all prior parties, and he can, of course, sue the drawer and endorser.
Is this used in such a situation whereby, if administrating for a PERSON of CANADA, the Bank of Canada, does not accept the drawers administrations for discharge when presented by the beneficiary? I don't understand the mechanics of using this! and what liabilities/obligations are assumed by the "acceptor supra protest(or)" - not sure if i used the suffix correctly here
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Read Comments 26
August le Blanc · Bobis Youruncle
In my thinking, after numerous discussions here, around the buck o five thing, is that it is a valid thing in THIER PRIVATE CLUBHOUSE...
The Bill of exchange act ( clubhouse rules) covers stamps and such.
All I know is I am not qualified to play in their fucking clubhouse.
I do not want to play in their fucking private clubhouse, by implementing, buck o five, I am engaging in their private clubhouse, if I fall for any of their numerous tricks in creating joinder ( which buck o five does) I am liable to be thrown in the crowbar hotel. I do not wish this.
(My first cell mate was a FOB ( fresh of the boat- jail lingo for gangs of immigrants) Named Moses's who only read the bible...)
So learning to admin existing trust created at birth is the key...
I seemed to have missed this simple point.
So crypto currency removes any joinder, leaning to admin this person I happen to have in my back pocket, lessens the debt. I was mistaken in my previous approach as I do not know enough to be qualified in their place of business.
All I know is it is none of mine.
So learn about this if you want...
It seems to engage with those I want to disengage with...
They are masters of terror and intimidation.
By creating a private trust... I am creating own clubhouse... guess what?
They do not fucking care...
VOID.
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Tommy Atherton
thanks Bobis Youruncle that makes things simpler for me, If that is clubhouse stuff, and it can create joinder then I do not want to touch it. Learning to deflect surety is enough on my plate. KISS!!
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Kirsten Carlstrom
Pete Daoust, what are your thoughts on Supra Protest?
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Pete Daoust
So far it's IF I, the Man, act as an ACCEPTOR SUPRA PROTEST, for a bill, I then have the right to pay that bill with LAWFUL money, which happen to be POSTAL STAMPS.....
And by rubber stamping that bill with:
NON-NEGOTIABLE
NO RECOURSE
NON-AMENDABLE
NON-TRANSFERABLE
Well the beneficiary of that bill is stuck with this postal stamp payment.
That's all I can think about this so far....
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Kirsten Carlstrom
Thank you!
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Pete Daoust
But I might be ALL wrong on this, Kirsten, check it out !!! :)
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Scott Duncan
Don't "BELIEVE" anything ANY of us say. ALL BELIEF is EVIL. ALL of it. Not some of it. Not MOST of it. ALL BELIEF.
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Charles Bullock
smokin hot brother
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August le Blanc · Bobis Youruncle
Bill of exchange act confirms the stamp thing.
Except try and find a stamp to pay with now.
No denominations on any stamps, currently being sold in the local post office out here in the west.
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Stuart Stone
Acceptor Supra protest: my understanding that 'Me' the MAN, acting as the lawful holder in due course of the PERSON (who all commerce is directed at), 'Me' can accept on behalf of the PERSON (in Australia's clubhouse Bills of Exchange Act, it is called acting as an accommodation party)...
As it's ALL about accounting and surety, by accepting supra protest (on an inchoate instrument) and then completing the instrument, 'Me' is helping the clubhouse balance their books against the correct account (the PERSON).
What they then do with this (to discharge/setoff or whatever) is up to them & has nothing to do with 'Me'...
And as Captain Pete Daoust likes to say...and it's not my fault :P
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Kirsten Carlstrom
Is supra protest the exact opposite of without recourse, and what would happen to the instrument if both statements were placed on it?
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David Johansen
no, your accepting somthing for another under protest (supra) meaning it isn't yours but youll take it and they cant object or complain.
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David Johansen
i will acceptor supraprotest te whole 17trillion billion U.S debt. just to kick those fuckers of my island.
pierre? how about you craft a acceptor supra protest, to the IMF, tell them we all discharge the debt equally and they can go home now thankyou, we'll take it from here...
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Chris Evan
According to the Law of Negotiable Instruments, yes! Without recourse means you are transferring title. Supra protest means you will accept a notice of dishonor for the honor of the drawer.
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Kirsten Carlstrom
Scott, Pete, Stuart...your thoughts please on a Bill of Exchange that contains both statements - Supra Protest and Without Recourse.
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Stuart Stone
ummmm...if there was any recourse, wouldn't that be directed toward the PERSON?
If so, 'By what authority are you attempting to attach a name, derived from a public document, to me?'
When I have referred to the clubhouse rules, the section on supra protest does not mention without recourse...when it comes to that stuff, I'm kinda a colour by numbers guy, otherwise public servants and their ilk will never comprehend what you are trying to achieve.
This vid may be useful...it helped me to compile the cover letter that explains the colour by numbers steps that I'm taking when I complete one of these inchoate instruments. This one refers to the New Zealand Bills of Exchange Act, but they're all pretty much identical, just the sections have been switched around a bit.
Find your local clubhouse rules and follow the bouncing ball...
:D
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Kirsten Carlstrom
Thank you!!!!!
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Chris Evan
Ahhhh.....I see.
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Pete Daoust
you see what ?
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Chris Evan
This point....
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Kirsten Carlstrom
Stuart, I had two stamps made for my BoE’s. The first one says —
ACCEPTED AS INDORSED
INCHOATE INSTRUMENT
ACCEPTED FOR VALUE
SUPRA PROTEST
RETURNED COMPLETED
RA *** *** *** US ( the registered mail number )
The second one says-
IN GOOD FAITH
PAYABLE ON DEMAND
DEPARTMENT OF TREASURY
I indorse the instrument —
ACCEPTED BY: my signature BENEFICIARY, ALL RIGHTS RESERVED, WITHOUT RECOURSE, IN GOOD FAITH, AUTHORIZED REPRESENTATIVE
SS #
BIRTH REGISTRATION #
LETTER AND NUMBERS ON THE BACK OF THE SS CARD
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Kirsten Carlstrom
I also placed one, one dollar US stamp and one US 5 cent stamp on the public side of the instrument. I've sent out 12 BoE's this way, I'll let y'all know what happens. All of the BoE's are accompanied with an instruction letter under notary presentment.
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Kirsten Carlstrom: Why do you care what the numbers mean? It's not yours! WANT one that you CAN question? Go out and buy it on the open market! :P
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Kirsten Carlstrom
Scott Duncan, Mackximus Minimus I wanted to know what they were, and if the letter and numbers should be included on a Bill of Exchange. Two people I know who have had success with their BoEs have included them on their BoEs. Several other people I know, here in the states, are having difficulty with the beneficiaries accepting their BoEs, and the BoEs they have completed did not include the letter and numbers on the back of their Social Security card. If the letter on the back of the Social Security card is indeed one of the 12 Federal Reserve banks, here in the states, should our BoEs include that information? Does it matter?
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Chip Douglas
"Go out and buy it on the open market!"
Have you seen Django Unchained Scott?.....what you just said reminded me, in the end, in order to free her ultimately, the German bounty-hunter and Django had to purchase Broomhilda's FREEDOM for her.....hmmmmmmm
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August le Blanc · Bobis Youruncle
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Tommy Atherton
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Kirsten Carlstrom
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Pete Daoust
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Kirsten Carlstrom
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Pete Daoust
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Scott Duncan
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Charles Bullock
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August le Blanc · Bobis Youruncle
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Stuart Stone
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Kirsten Carlstrom
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David Johansen
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David Johansen
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Chris Evan
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Kirsten Carlstrom
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Stuart Stone
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Kirsten Carlstrom
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Chris Evan
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Pete Daoust
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Chris Evan
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Kirsten Carlstrom
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Kirsten Carlstrom
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August le Blanc
Scott Duncan
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Kirsten Carlstrom
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Chip Douglas
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