Promissory Notes and Bills of Exchange
Promissory notes and bills of exchange
All forms of cash ie money are the same, whether you call them bills of exchange, promissory note, cheque, banknote, financial instruments, gyros, government bonds, corporate bonds or any other form of cash. All loans are fraudulent. debt is money, money is debt. Many walk around blindly every day yet don't have a clue to where their cash comes from, who creates it, how it is created and who is the true credit holder and who is the true banker.
The contract is between two parties, the drawer or maker, ie the person creating the promissory note or bills of exchange and the payee, the one receiving it. Any third party is a trustee only. They are all codified under the Bills of exchange act 1882 which was developed and interpreted by the courts and the high court ruling of Lord Denning.
The use of bills of exchange promissory notes
Historically only the promissory note which now known as financial instruments were used as a method of financing and to supporting all types of funding.
Which was all domestically and for international cross-border trade Nowadays bills of exchange and promissory notes include a lot more financial instruments which are now created in many different ways and are also used for cross-border financing but still can be used by anyone who fully understand the bills of exchange in all countries.
Bills of exchange promissory notes
i.e financial instrument commercial instruments, legal or lawful tender are not independent as these are all seen as note cash, as the bills of exchange the promissory note and bank notes, gyros, cheque including all the legal documents all types are all instruments that you alone sign and date. Then the company or employer tells you this a contract. It is not so, this is in fact a financial instrument, a promissory note, which is a bills of exchange as everything come from the original promissory note before this it was known as a iou
this is an important characteristic of these many many different types of financial instruments out there.
a contract must by law have three parties within it.
1 you
2 the agent
3 and a witness to the agreement of the signing freely of the contract
This then becomes binding in law this is the law of the land under the bills of exchange
if there are other instruments such as purchase agreements or other underlying transactions, they are generally always accepted, unless there is a mistake made on the instrument.
Only then can the drawee send it back to the maker and request he or she correct the mistake, but the bill, meaning, note or to whom the bill made out to for the payment cannot refuse by the draw-in or the payee if they want to be paid in cash they must accept the promissory note as clearly stated within the law on the bills of exchange 1881 india and 1882 england.
If they want full payment or whatever payment is agreed upon between the main two parties, the drawer and payee, the one wanting payment, the other the draw maker, creates the instrument to be discharged to the party to whom it is payable to.
As an example, in the case of a buyer wanting to buy goods or property from a seller with the intention of paying in six months or in full payment upon demand the purchase agreement will lay between the buyer and the seller and not the bank or the drawee who are public servants within the banking office are all bound to the bills of exchange.
Any bank worker not doing so is therefore taking full personal and commercial liability upon themselves to break their constitutional laws of the land they are bound to this.
The Bank Of England is therefore creating a tortious act by their own hands and a mission with intent, in other words a drawee cannot say we don't accept this or this is not a form of payment we can accept. He or she has no authority or any powers to do so the contract is not with the bank worker who is merely just your employee as a drawee only.
It does not matter what titles they hold, they are all drawees.
Promissory notes and bills of exchange.
Bills of exchange and promissory notes are not independent payment undertakings debt obligations from one person to another they are codified under the bills of exchange act 1882.
which were developed and interpreted by courts as clearly stated high court judge lord denning.
The use of bills of exchange promissory notes
historically the iou, then the promissory note is a bills of exchange which is a financial instruments were used as a method of financing and to support financing both domestically and for international cross-border trade. Although nowadays bills of exchange and promissory notes are mainly used for cross-border financing and also in your own country especially England as this was the birthplace of all good laws
laws the bills of exchange comes in many forms
It is all cash ie money. Bills of exchange and promissory notes are not independent as many have been led to believe. This is an important characteristic of these financial instruments. If they are on other instruments such as purchase agreements or other underlying transactions they are generally accepted as a payment in full.
Therefore you sign and date this is the instrument that is a promissory a note that releases the full funds to the seller payee account, as an example in the case of a buyer wanting to buy any goods/property/s from a seller with the intention of paying in six months or in
full payment.
The purchase agreement will only lay between the buyer and the seller and not the drawee, the bank workers, the estate agents nor their solicitors.
But all bank workers are your employees, it is your money that is paying them. You are their employer, therefore these are your fiduciary (someone that takes care of money or assets on behalf of another person) trustee acting as a servant in your public office as the bank is a public office this is a 100% fact. Not many know this let alone understand it.
The buyer will agree to pay part or full payment through a bill of exchange which can be guaranteed by a bank the draw either they will pass the part payment or the full payment to the seller payee account it is all the bank drawee is allowed to do they cannot interfere not stop that transaction between the the seller and buyer nor can they refuse the bills of exchange as the bills of exchange is cash, as clearly stated on the bills of exchange and by the lord denning judgement that says a bill of exchange lord denning judgement that says a bill of exchange one standard signature execute the instrument has to be in this england court that a bill of exchange a promissory note is to be treated as cash in this case a seller payee would arrange for the goods to be delivered or release the property to the buyer and the buyer slash draw slash maker of the bill would then draw a bill on the bank drawee to accept this honorably discharge the part or full payment to the seller payee or he or she can be in dishonour then by stopping this transaction is therefore interfering with the seller and buyer this then constitutes a tort plus treason and also willfully with intent committing fraud and any document they do is then brings this also into uttering laws by doing so the bank drawee will incur primary full personal and commercial liability of that exchange which is in favor of the seller payee to receive in part like paying in six months or in full payment to seller
pe of his or her account all the bank can do is transfer it to the right
seller pe account they cannot stop this transaction from one party to another
they do not have any powers or authority to do so be mindful in what you do to another always a bank cannot give you credit as it has none the bank merely hold asset trust funds cash for safe keepings it all it can do it cannot lend you anything as it has nothing to loan you there true credit holder is the draw the maker of the note i.t promissory note this
bill is then used to access the trust of the draw the make he or she has under the cest ue cave i trust as clearly stated on the bank of england web page
the keywords are note and trust as the draw has many different trust in his or
her name name and name with many many numbers attached to him or her alone
the who has only three things to do within our banks offices these are duties responsibilities and obligations are that they pass on the payment s to the seller account that it or not doing so is then breach of their office they hold as a servant slash fiduciary trustee as clearly seen from the illustration it shows clearly who's actually who and who does what the three banks slash draw e acceptor cannot give you any credit as it has none there bank cannot loan nor lend you anything as it has nothing to loan or lend to you this is 100 facts only the man woman who hold all
credit and do hold full unlimited credit as they can contract with anyone
unlimited this is also a 100 fact as they are the creator of all the
credit and are the only true credit holders of their private credit to their
own private trust there are then in fact the creditors who are the beneficiary of the threat our own
private trust and all the trust accounts they each all hold without the man woman there would be no
credit what is the one thing these other societies want from
you to sign what think about it carefully all securities only
lay with the draw slash maker slash creators slash of all types of credit
that the seller payee seeks this payment upon the agreement with the draw maker
it is not with the bank nor the workers within the bank offices as drawee one so
that the seller one payee wants to sell something as in property
this can be anything a pencil to land house
horse car bike washing machine cloths whatever their
property is of the seller who wishes to sell as he or she needs or want this cash
to which they have the full rights to do so by the laws of banking
the one seller payee with the two draw slash maker can
contract with each other as many times as they wish to and their three draw e
must obey and must fulfill his or her duty or be in breach
of their duties and office thereby taking full personal and
commercial liability upon themselves by stopping or interfering between the two
parties to their original agreement that their three draw e has no say as the agreement contract
was not with three drawee 2 the buyer 2. draw who
wishes to buy the property from the seller 1. payee once they both agree that they will
accept this substance for value for value exchange there
substance is the promissory note i dot e cash the seller agreed to accept this as
part or full payment then as the contract is only between the seller and the buyer the
payee and the draw and not the drawee the draw can pass the instrument to the
payee who then endorse signing it's tendering the bill the back of the
instrument like one signs a check and then hand it to the
drawee bank who then put the instrument into the seller payee account and cash
is available there and then to the seller payee but this is not needed a simple letter
stating that yoshida seller payee will accept the part or full payment on this instrument prints
their name and signs it this is enough to send with the instrument to the three draw e the bank
must release the part or full funds into the one seller payee account
on with the seller agreement there two draw can post instrument to the bank to be paid into
the one seller payee account the three draw e must do this or
face a torte action lawsuit the bank of england is a public office therefore all
banks worldwide is all our banks the people banks this is a
public office all who work within it are mere drawee only acting as servant slash fiduciary
trustee but most bank works now are corporate men and women
who are not allowed to be in any of our civil and public offices 100 fact
3 the bank who is 3 drawee must accept this instrument and must pass on the
payment part or in full from the buyer who is the draw maker of the instrument who hold
who is the bearer of the bill has full substance and value as he or she is the beneficiary of his or her trust accounts this must be passed on to the seller who is
the payee account it's that simple really as all are bound
to the bills of exchange boe definitions
all types of instruments contain an unconditional order in respect to bills
of exchange or an unconditional promise or on demand pn in
respect to promissory notes banknotes as per the
bills of exchange act 1882 the definitions are follows
bill of exchange 1881-1882 a bill of exchange is an unconditional
order in writing draw maker addressed by one person to
another payee seller signed by the person giving it draw maker requiring
the person to whom it is addressed to payee seller to pay on demand pn or at a fixed or determinable
future time a some certain in money to or to the order of a specified person or to bearer
great britain 1882 bills of exchange act 1882
the instrument must have a penny stamp as stated in the stamp duty
1891 section 34 sub second one the bearer can be yourself so paying
yourself or paying it to another person even gifting it to another person
who then becomes the bearer of the bill meaning there seller payee
only the maker the beneficiary hold this full titles and everything within it as he or
she are the only one who can release the funds slash assets slash cash slash i
dotty money because they hold full unlimited credit as they are the only
one who can create this credit and are the only true credit holder
promissory notes a promissory note is an unconditional promise not subject to any conditions of any societies other than in writing made by one person to another signed by the maker engaging
to pay on demand or at a fixed or determinable future time a some certain in money to
or to the order of a specified person or to bearer
bills of exchange acts 1882 part four the bearer can be
yourself or to the payee who now holds the instrument you are accessing your
trust and paying yourself or your accessing your trust to pay the payee all instruments are generally subject to same core requirements instrument must contain an unconditional order or promise demand respectively must be in writing filled out the correct area and then sign and date the instrument must be addressed by one person to another person or company must be signed by the draw maker the person making the order or promise demand that the payee must be paid and discharge the amount clearly stated on the instrument within their 72 hours if they bank draw e dose not do this then it becomes fully labial for the full amount upon the instruments this must be returned into cash into the draw maker and creator of the bill into his or her account or pass it to the seller pe account what the bank draw e cannot do is keep the instrument cannot send it back unless there is a spelling mistake or the penny stamp duty is not on it or there is no signature that the instruments must be tendered by the draw maker of the bill nor can they refuse the instrument instrument does require the draw or the maker to pay to the payee clearly stated on there instrument the bills of exchange promissory not all instruments must all define the payment terms through the order or the promise slash demand it must be made either when requested required on demanded or at a fixed future time and the sum of money must be disclosed and who it's payable to and when to release the full fund to the payee the drawee must not withhold this as they are in breach of their fiduciary trustee duties obligations and responsibilities of the
public servant they each hold as a drawee in all bank worldwide
promissory notes bills of exchange and all instrument are all
one and the same thing cash i.t money this holds
substance and value one dot unconditional order of promise
demand if the promissory note bills of exchange is unconditional then such as being able
to release securities or just a simple iou will be
considered as a promissory note which is the bills of exchange because the promissory note
comes from the iou same as the banknotes only come from the promissory note and
the bills of exchange comes from the promissory note the iou there would be no banknotes as the
blueprint for this is the promissory note in fact there promissory note hold more substance and
value than a banknote bank's notes are all printed
of a printing machine the promissory note must be filled out by a man or woman hands and
signed and dated this is then tendering the bill and to how much to whom the payment is for
it's how all cash bank notes are created then we are therefore trading with each other
meaning we are contracting we do not contract with servants slash fiduciary trustee these
are our employees we hire them under the bills of exchange
they are all bound to this constitutional law of the land therefore all employees of ours must
show proof of their oaths of offices they took to hold this public officers are doctors or mp or any
royals that want to enter our head of state office becomes a servant slash fiduciary trustee in our
office and they all take direction order from us as we are there
government and we govern all of them under this bill of exchange and taught laws 7
principle of public office one dot in writing and signing by the draw boe the maker
pn with various means of electronic communications for example emails rather
than paper documents the electronic communications act 2000
now means that a promissory note or bill of exchange could potentially satisfy a paper-based
signature previously electronic signatures could be used
for bills of exchange and promissory notes in accordance with the 1882 act
however in many jurisdictions the original document is required
therefore electronic signatures may be deemed invalid
this is often problematic when these instruments are transferred to other parties and
documenting this way one dot time for payment as mentioned earlier the time for
payment can be defined as a future point in time or on demand
however when the event is indeterminable or uncertain for example payment when a
political situation occurs it's often to consider the instrument as a promissory note as
everything is a promissory note that you alone sign and date as the draw the maker the true credit holder
one dot some certain the amount due should be very clear even
if there is interest rate charged which is perfectly acceptable in bills of exchange
promissory notes providing the interest rate is fixed or
ascertainable rather than x percent above liber it's often seen as unclear
because it all fraud this liber meanings the basic rate of
interest used in lending between banks on the london interbank market and also used as a
reference for setting the interest rate on all types of other loans
one dot governing law and jurisdiction the governing law that applies to all
chain between draws i dot e maker acceptors i.t draw e and
endorses i dot e payee can often be fairly complex to start with when there
are chains the chain of contracts depends on the nature of the
two parties the draw and payee only the instruments and
location of parties the validity of such contracts needs to be valid in each
local jurisdiction when dealing with trust cash money funds
assets wealth please always refer back to the bills of
exchange if in doubt it really does not matter where you live upon this earth
nor in which country wherever there is a bank there are all bound by the bills of exchange it's the
laws law this is what govern everyone as everyone has
their own true status in law then as clearly stated in all the above above and below
frequently asked questions can i negotiate or transfer bills of
exchange or promissory notes yes all instruments by law has to be
transferred or negotiable or non-negotiable instruments promissory notes bills of exchange
checks banknotes gyros many forms of payments as
instruments between the two parties involved or even to oneself payments can be made into
your own account able to transfer the rights or title of these instruments to other
parties the payee a holder payee can receive a bill becomes
the bearer of the bill providing they become a holder before it's overdue upon demand there is
no date set it's open he or she can cash that there and
then or pay themselves by putting in the instrument a few days later or whenever
they have time to do so if in good faith the title of that bill
this includes the acceptor bank slash draw e draw
buyer maker or endorser seller slash payee how does delivery work
in order to complete the contract under a bill of exchange promissory note
delivery must take place delivery can mean actual or constructive
or registered post by royal mail or a private post
company an acceptor drawee must accept liability and endorsement of the
instrument whereby the seller payee signs the back of the
instrument or send a document stating he or she accept this instrument as full payment once
delivered in order for the contract of the endorsement by the payee must be in writing and signed or
by the endorser payee written on back of the instrument tendering the bill meaning signing it to
the full amount of the instrument or payee seller who can
also write out stating that he or she accept the instrument as full payment
this then endorsement can be with or without recourse see our
article on recourse and non-recourse payments around forfeiting
look at the meaning of the word recourse and non-recourse and also forfeiting
only then will you know for yourself how does payment happen
generally the acceptor draw e make a draw of bills of exchange promissory
notes respectively are liable to make payment to the seller payee once presentation of the
instrument occurs drawee must pass on the full payment or can be
made to a person acting on behalf of the holder for example a
collecting bank or the draw can pay him slasher self providing the holder treats such
payment as discharging the payer's draw maker of the liability of the person to be paid
in full sella payee or to him slash her slash self because
you are the beneficiary of your own private trust therefore it's your
funds and your cash that you can move around to any one of your accounts if you have more than
one or many accounts or can also make a gift to someone else but the drawee must
pay this into whoever it is to be paid to the name upon the bill to whom it is to be paid
to the drawee cannot say who can and who cannot receive this
cash or that they don't accept this or that they don't see it is a payment of funds this
instruments that is bound by the boe the draw he has willfully with
intent committed a tortious act breach of the office meaning of endorser it's to declare that you agreed to sign meaning tendering the bill a cheque or bill of exchange promissory note on the back to make it payable to one self-stated or to draw e to accept responsibility for paying it forwards that clearly states to who the instrument to be discharged to one hopes this simple explanation will help you fully understand to what a bank note is which is new printed promissory note which is made by the drawer on the original promissory note and only then do the banknote come into existence everything comes from there original promissory note the bills of exchange to what other types of instruments are out there
are all still connected to the bills of exchanger promissory note the mere fact remains that
england been bankrupt since public was notified in the year 1931
and all banks worldwide are all bankrupt therefore all bank are all
operating under the bills of exchange worldwide all this information has been withheld and suppressed from everyone
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