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BILL OF EXCHANGE

Refusal is discharge
PRIVATE
THIS IS NOT A PUBLIC COMMUNICATION
Notice to agent is notice to principle
Notice to principle is Notice to Agent
Applications to all successors and assigns
Refusal is discharge

Your name here, sui juris


Without prejudice UCC 1-308/1-207
Address
Address
Address
Phone: XXX XXX XXXX

Certified mail number_____________________________________________

1. Federal Reserve notes are obligations and have no redeemable value in gold or silver coin,
wherefore the amount of tender or obligation is always zero. See -U.S. Constitution, 1789, Article 1,
Section 10. No state shall make anything but gold and silver coin a tender in payment of
debts Wherefore there can be no payment of debt. Only discharge of debt.
2. A bill of exchange fulfills the legal definition of a negotiable instrument (currency) and also per
Uniform Commercial Code (UCC) 3-104 and legally discharges any alleged debt. This is merely a
promise to pay and not a sight draft, forged document, bogus instrument, etc. . . . Once tendered,
the debt is discharged. Period.
3. Refusal to accept is discharge of debt. See UCC 3-603. TENDER OF PAYMENT.(b) If tender of
payment of an obligation to pay an instrument is made to a person entitled to enforce the
instrument and the tender is refused, there is discharge, to the extent of the amount of the
tender, of the obligation of an endorser or accommodation party having a right of recourse with
respect to the obligation to which the tender relates.
4. A Bill of exchange will be monetized / discounted by the Federal Reserve for any of its member
banks or any individual, partnership, or corporation. See USC TITLE 12 > CHAPTER 3 > SUBCHAPTER
IX > 343
Upon the indorsement of any of its member banks, which shall be deemed a waiver of
demand, notice and protest by such bank as to its own indorsement exclusively, any Federal
reserve bank may discount notes, drafts, and bills of exchange arising out of actual
commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for
agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or
are to be used, for such purposes, the Board of Governors of the Federal Reserve System to
have the right to determine or define the character of the paper thus eligible for discount,
within the meaning of this chapter. Nothing in this chapter contained shall be construed to
prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or
other goods, wares, or merchandise from being eligible for such discount, and the notes,
drafts, and bills of exchange of factors issued as such making advances exclusively to
producers of staple agricultural products in their raw state shall be eligible for such discount;
but such definition shall not include notes, drafts, or bills covering merely investments or
issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment
securities, except bonds and notes of the Government of the United States. Notes, drafts, and
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BILL OF EXCHANGE
Refusal is discharge

bills admitted to discount under the terms of this paragraph must have a maturity at the time
of discount of not more than ninety days, exclusive of grace.
In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System,
by the affirmative vote of not less than five members, may authorize any Federal reserve
bank, during such periods as the said board may determine, at rates established in accordance
with the provisions of section 357 of this title, to discount for any individual, partnership, or
corporation, notes, drafts, and bills of exchange when such notes, drafts, and bills of exchange
are indorsed or otherwise secured to the satisfaction of the Federal reserve bank: Provided,
That before discounting any such note, draft, or bill of exchange for an individual or a
partnership or corporation the Federal reserve bank shall obtain evidence that such
individual, partnership, or corporation is unable to secure adequate credit accommodations
from other banking institutions. All such discounts for individuals, partnerships, or
corporations shall be subject to such limitations, restrictions, and regulations as the Board of
Governors of the Federal Reserve System may prescribe.

Affidavit
NOTARY PUBLIC
STATE
COUNTY

By:

________
Your name here, sui juris
Non-resident alien, without the US
All Rights Reserved UCC 1-308 / 1-207

Subscribed and sworn before me, a Notary Public, the above signed Your name here.

This

day of

, year____________________

Notary Public

MY COMMISSION EXPIRES:

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